mobile wallet adoption Archives

QR Code Payment Market: Growth, Trends, and Projections for 2025–2034

05/02/2025 QR Code Press

Market Potential and Projections for QR Code Payments The global QR code payment market is booming, with its valuation expected to skyrocket from $12.2 billion in 2024 to an estimated $66.9 billion by 2034. Driving this impressive compound annual growth rate (CAGR) of 18.7% is the rising preference for seamless, contactless payment solutions. The simplicity and adaptability of QR codes make them a favorite for industries like retail, healthcare, hospitality, and transportation. Their appeal is not just about convenience, but also security and speed, making QR code payments a focal…

Consumers love paying bills with mobile wallets, but fees could block growth

08/24/202308/23/2023 L. Green

Half of consumers say they wouldn’t use this feature if it came with an added cost attached to it. All age demographics are using their mobile wallets to an increasing degree for the purpose of bill payments. Consumers enjoy the convenience of being able to pay their bills whenever and wherever they want. There is certainly an advantage to using mobile wallets when compared to now outdated methods of paying bill such as writing a paper check and mailing it or heading to the bank or institution to make a…

Most cryptocurrency owners would use it to buy things through a mobile wallet

02/08/202202/07/2022 Sam Lambert

Mobile wallet - Cryptocurrency - Bitcoin - Mobile

Over one third of crypto-owning consumers aged 18 to 54 would shop with their digital coin. About 67 percent of cryptocurrency owners between the ages of 18 years and 54 years old would use their digital coin in a mobile wallet to make purchases, according to a Cantaloupe Inc. study. The digital payments company’s survey showed that consumers most likely to own crypto coin are 18 to 34. Thirty seven percent of crypto owners are 18 to 34 years old, and 33 percent are aged 35 to 54 years old.…

Mobile payments awareness is rising in North America despite low adoption

10/20/201610/19/2016 Jennifer Goula

mobile payments awareness wallet NFC near field communication

Consumers here still feel most transactions will be based on cash at least until 2020. An Accenture study showed mobile payments awareness has reached 56 percent of consumers in North America. This represents a 4 percent increase over the figures recorded a year ago. That said, those same consumers don’t appear to be adopting mobile wallets. Regular mobile payments usage has stayed at 19 percent among North American consumers. This, despite the fact that a much higher number actually know the transaction method exists. Among the respondents in the mobile…

Mobile wallet payments to break $13 billion by 2021 in UAE

07/05/201607/02/2016 Stephanie Beck

Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent market share in five years. The prediction is that the mWallet will generate $13.6 billion in mobile…