US bank branches are still shuttered amid the pandemic, but consumers are more likely to conduct their banking online, according to recent research. An April 2020 William Mills Agency survey conducted by The Harris Poll found that 73% of US adults were more likely to leverage digital banking and payments while social distancing.
Read MoreIn China, mobile payments have made large inroads thanks to rapid smartphone adoption and the absence of alternative payment methods.This year, we expect 525.1 million people in the country will use mobile payments, making up 45.2% of the population. That’s an increase of 13.2% from a year prior.
Read MoreThe cash culture in Germany is holding back mobile payment adoption in the country. Many people are comfortable paying with cash and don’t see any significant benefits to changing their habits, especially older generations. This year, we expect 5.8 million people in the country will use proximity mobile payments, making up 8.0% of the population.
Read MoreWhat’s holding back adoption? Primarily, contactless credit cards. Paying with a contactless credit card is a mainstream payment option that people have been comfortable using for a long time, said Christopher Bendtsen, senior forecasting analyst at eMarketer.
Read MoreCompanies are afraid of violating securities laws here in the US, Gombert said. Law firms are giving faulty advice. Many crypto and blockchain companies are domiciling overseas in countries that are more crypto friendly.
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