Mobile wallet adoption may not be mainstream for years

Mobile payments trends wallet

According to a recent report from eMarketer, there is still quite some time before this tech will be commonplace. According to a report that was recently released by eMarketer, the use of mobile wallet transactions will rise considerably in the United States in 2015, but it will still be a long time before shoppers will be willing to use smartphone payments instead of cash or credit cards. Over the short term, it doesn’t look as though there is going to be much of a difference in payment transactions. An analyst…

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Mobile payments sees great potential in urban areas

Future of Mobile Payments

The market in Indonesia appears to have a good shot in cities and areas of more dense population. Although mobile payments and wallet services have been struggling to take hold in many parts of the world, in Indonesia, the trend appears to be slanted toward the urban areas, where there is considerable potential still left untapped. While some early adopters are already using digital wallet technology, they remain the minority. It is believed that while there are a small number of people who are using mobile payments for transferring money…

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NFC technology may never lead the way in mobile wallets

NFC Technology mobile commerce

Forrester Research has predicted that this will not be the tech that powers smartphone payments. An analyst from Forrester Research spoke at the Mobile Shopping Fall Summit and has explained that she believes that it is not likely that NFC technology will ever lead the way in powering the mobile wallet ecosystem. During the speech that was made by the analyst, she described a number of the benefits of the efforts from the biggest players The senior analyst, Denee Carrington, of Forrester Research said that while she does understand the…

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Mobile wallet trial in Salt Lake City shows increasing activity

isis mobile wallet

The latest statistics have shown that the NFC technology based payments average 5 transactions per user per week. While mobile wallet projects may have had a slow start, causing some to doubt whether or not they’d ever take off, the Isis trial in Salt Lake City is starting to show that once people adopt the service, they become active users. Isis remains in its very earliest phase, existing only in official trials within two cities at the moment. According to Jim Stapleton, the chief sales officer for the mobile wallet…

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