mobile wallet trends Archives

Mobile payments use is mainly for transportation and restaurant bills

03/22/201703/20/2017 Jennifer Goula

A new survey shows that there are some very specific reasons for which smartphone wallets are used. A new Market Intelligence and Consulting Institute under the Institute for Information Industry study provided insight on mobile payments use. It showed that consumers are using mobile wallets most frequently for paying for their meals at restaurants and for buying fare on transportation services. The mobile payments survey showed 76.4 percent of consumers who used the tech did so to pay at a restaurant. Another 33.2 percent of mobile payment use was for…

Peer to peer mobile payments starting to make US smartphone transactions relevant

11/09/201611/07/2016 Sam Lambert

young women teens peer to peer mobile payments

Though the majority of consumers have yet to start paying for products with devices, they are showing interest. Recent figures show that peer to peer mobile payments are starting to give smartphone transactions a boost in the US. That category of mobile wallet use is seeing the most rapid growth by far. In store mobile payments to purchase goods and services are still seeing notably slower growth. Peer to peer mobile payments has remained the category of transactions consumers in the US are most likely to use on their devices.…

Top mobile payments app users are Millennials

06/20/201606/18/2016 L. Green

In China, this generation is leading the way in the use of smartphones as credit and debit cards. A recent study has revealed that mobile payments app use is greatly driven by Millennials. The research indicated that Chinese device users between the ages of 21 and 39 are top users of these applications. Mobile wallets are seeing the highest use by device owners from 21 to 29 and 30 to 39 years old. eMarketer conducted this research and found that mobile payments app use is high in China. That said…

Mobile payments trends are seeing growth held back by biometrics

06/14/201606/11/2016 Jennifer Goula

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

One in 4 smartphone owners have tried a mobile wallet

12/04/201412/01/2014 Sam Lambert

mobile technology wallet Holiday Shopping

According to Blueshift Research, a quarter of these device users have used this technology at least one time. The results of a recent study conducted by Blueshift Research have revealed that 25 percent of smartphone owners have tried using a mobile wallet at least one time, suggesting that retailers might want to expect more payments to be made by way of these devices throughout the holiday shopping season. Though the growth has not been exceptionally fast, it is clear that more shoppers are interested in mobile payments. This indicates a…