U.K. Mobile Payments to reach 20 million users by 2020

U.K. Mobile Payments

The Centre for Economic and Business Research also sees large increases in purchasing over smaller screens. According to a recent report providing information on a study conducted by the Centre for Economic and Business Research (CEBR), the use of U.K. mobile payments is going to explode over the next seven years, while at the same time, people in the country will be using their smartphones and tablets to buy a growing number of products and services. The prediction is that this year’s $7.85 billion in purchases will have risen to…

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Mobile payments are used by over half of American smartphone owners

Mobile payments platform

The CUNA has now released its latest survey data which has found that these device users are purchasing in droves. According to the latest survey data that has been released by the Credit Union National Association (CUNA), among American smartphone owners, more than half have used their device for mobile payments purposes, whether it be buying a digital product online or tapping it at a checkout counter – or pretty much anything in between. The survey also showed that security remains the uppermost concern of device users making purchases. Though…

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Mobile payments will be everywhere next year, says Rogers

Rogers NFC technology mobile payments

By the end of 2014, the Canadian communications giant has announced that people will prefer to pay with smartphones. According to a statement that was released by Rogers Communications Inc. vice president of emerging technologies, David Robinson, by next year and beyond, mobile payments will become the preferred way for consumers to process their transactions. This announcement was made as Robinson spoke to developers at a conference about Android in Toronto. The hope from Rogers, which is already one of the major mobile payments players in the Canadian ecosystem, is…

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Cybersecurity could be a major barrier for mobile payments

Mobile Payments

Mobile payments and e-commerce may suffer due to lackluster cybersecurity features The U.S. government may begin taking more aggressive steps to ensure companies take cybersecurity more seriously, especially when it comes to e-commerce and mobile payments. Consumers throughout the country have been enthralled by the concept of mobile payments and this form of commerce is becoming more common as businesses work to meet the demands coming from these consumers. The problem, however, is that cybersecurity is not typically taken seriously by these companies. Even those with a strong focus on…

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Mobile payments struggle in U.S. but grow worldwide

Quick Tap NFC technology service mobile payments service

The forecasts for the use of these transactions in the United States have been dropping like a stone. Although the use of mobile payments on a global scale are taking off like a rocket, in the United States, predictions are continuously being corrected in order to reduce the size of the outlook within that marketplace. The uptake of these transactions has not been anywhere near the rate of most expectations. The most recent knock to the overblown predictions about the American mobile payments marketplace has come from eMarketer. In October…

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