Mobile payments will replace cash and credit cards, say consumers

Mobile payments platform

A survey has shown that people feel that cashless payments will soon dominate the marketplace. A recent survey performed by Harris Interactive has shown that over 60 percent of American adults believe that mobile payments will have replaced traditional plastic credit card and cash transactions in the not too distant future. Approximately 30 percent believe that this will occur within the next five years. The online poll was conducted with the participation of 2,383 adults in the United States. It ran from November 14 through November 19. Among the respondents,…

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Mobile payments awareness doubled this year

Mobile Payments Survey

Smartphone owners are beginning to learn more about contactless transactions. The results of research performed from eDigitalResearch have now been released, and they are indicating that consumer awareness in terms of contactless mobile payments is rapidly increasing. Among the participants in the study, one third have seen a point of sale device capable of the transactions. This doubles the number of people who had seen the devices in May 2012. That figure represents a massive growth in awareness of the technology and the acknowledgement of its availability in places where…

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Mobile payments survey shows most consumers interested

NFC Mobile Payments System

Research indicates that the majority of bank customers worldwide have interest in smartphone transactions. A mobile payments survey conducted by IMS Research that included the participation of 700 consumers from seven countries showed that 60 percent of banking customers are interested in the service. Respondents were from the U.S., the U.K., Turkey, Poland, South Korea, Japan, and China. The report about the survey was entitled “The World Market for Payment and Banking Cards – 2012 Edition”. Its author, Don Tait, is the one of the firm’s Financial and ID Technology…

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Mobile payments to reach $1 trillion by 2017

Mobile payments platform

The volume of money spent worldwide is expected to skyrocket over the next five years. According to a study performed by IDC Financial Insights, the mobile payments volume by 2017 will have reached over a trillion dollars, and this will be merely the tip of the iceberg as to the size it will achieve in the years that follow. The majority of the spending will be through mcommerce, according to IDC. The report based on the study also indicated that NFC mobile payments will eventually begin to gain popularity as…

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