Tag: mobile payment trends

Mobile shopping payment trends are shifting due to pandemic trends

Jennifer Goula
Mobile shopping payment - paying via smartphone

A new Paysafe study showed that consumers are changing the way they want to pay online. The results of a new Paysafe report show that over half of consumers in the United States are shopping online due to the pandemic and mobile shopping payment preferences are shifting. Shoppers can’t access brick-and-mortar retail stores because of social and distancing regulations. Without being able to shop in-person, many consumers are looking online to a far greater extent than they had before. In fact, 54 percent of American shoppers are turning to online…

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US mobile wallet use is about to become greater than credit card usage online

Jennifer Goula
Mobile wallet use - mobile payments

The slow adoption of m-payments in the United States is finally taking off to mainstream levels. Mobile wallet use in the United States has been slow to take off, particularly when compared to countries in Asia and Europe. That said, the use of m-payments has finally started taking off and will eventually overtake credit cards. The adoption rate for mobile wallet use in the U.S. is rising. A new F.I.S. report predicts that the use of smartphones to complete online payment transactions will overtake credit cards. This is an important…

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Did restaurant mobile payments become mainstream this year?

L. Green
restaurant mobile payments qr codes

According to First Data Corp, smartphone based transactions hit a tipping point with a 75 percent growth rate. Following an exceptionally slow rate of adoption over the last few years, restaurant mobile payments are finally starting to catch on, particularly in the quick service industry. This year saw an impressive growth rate and it is expected to continue in this strong and positive direction. Payment technology company, First Data Corp, reported a massive rise in smartphone transactions. Quick service restaurant mobile payments were especially high performers, according to the firm’s…

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Mobile payments popularity will be greater than credit cards in two years

Jennifer Goula
Starbucks mobile payments popularity

A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce than debit and credit cards by 2019. The mobile payments popularity report was released by a…

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Mobile payments growth gap barely there between millennials and older generations

Jennifer Goula
visa mobile payments growth

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the people to use their smartphones for on demand services as well as…

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