Mobile Payments

Five Important Trends in Mobile Payments

Five Important Trends in Mobile Payments

Mobile payment processing is essential to today’s businesses. It’s easy to collect money from people through their smartphones. You can collect money from people who link their credit cards or other items to a mobile app or another system.

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How Financial Marketers Can Leverage Mobile During Times of Uncertainty

How Financial Marketers Can Leverage Mobile During Times of Uncertainty

How Financial Marketers Can Leverage Mobile During Times of Uncertainty With locations closed and limited human interactions, financial institutions need to adapt quickly to connect digitally with consumers who are leveraging mobile-first banking now more than ever.

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Fueled by Increased Consumer Comfort, Mobile Payments in the U.S. Will Exceed $130 Billion in 2020

Fueled by Increased Consumer Comfort, Mobile Payments in the U.S. Will Exceed $130 Billion in 2020

The U.S. mobile payment market increased 41 from 69.8 billion in 2018 to 98.8 billion in 2019 according to eMarketer. The growth is significant since a mere 12.8 billion was spent in 2012. Mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology.

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U.S. Holiday Sales Could Top $1 Trillion, With Mobile Payments Growing 32%

U.S. Holiday Sales Could Top $1 Trillion, With Mobile Payments Growing 32%

Research firm eMarketer Inc. forecasted that 2019 U.S. holiday sales will surpass $1 trillion in value for the first time. Cyber Monday, the Monday following Thanksgiving, is expected to be the biggest online shopping day and could approach $10 billion in sales.

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US Mobile Payments Staging a Strong Consumer Led Comeback

US Mobile Payments Staging a Strong Consumer Led Comeback

A new report reveals that the use of mobile wallets and mobile payments by US consumers has rebounded to 2016 levels or higher after a two-year decline. The use of any mobile payment has increased from 48% in 2018 to 60% in 2019. In comparison, in 2016 53% reported using a mobile wallet.

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Apple Is Suffocating Mobile-payment Rivals

Apple Is Suffocating Mobile-payment Rivals

When it comes to mobile wallets, Apple is the $1 trillion elephant in the room. The iPhone maker controls about half of the US smartphone market and around 10% worldwide. A recent survey showed that more than 80% of US teens have an iPhone. Every one of those devices comes pre-installed with Apple Pay, the […]

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Mobile Payments Have Barely Caught on in the US, Despite the Rise of Smartphones

Mobile Payments Have Barely Caught on in the US, Despite the Rise of Smartphones

Despite growing smartphone dependence, most Americans still aren’t using the devices to pay for things. In other countries, it’s a different story. Places like China and India and are witnessing rapid adoption of smartphone payments.

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What’s Coming Up in Car-Based Mobile Payments?

What’s Coming Up in Car-Based Mobile Payments?

July 22, 2019 By: Steven Anderson It’s not hard to call car-based mobile payments the most mobile of payments, because the interface for the same is built right into a car. Sure, mobile devices are mobile too, but that’s more a walking issue. At any rate, there are new reports suggesting that the pay-from-your-car concept […]

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7-Eleven Is Suspending Its Mobile Payment Feature After Hackers Stole $500,000 From Japanese Consumers

Hackers exploited a flaw in a mobile payment feature introduced by 7-Eleven Japan on July 1 to target 900 accounts and use them to make 500,000 in purchases, causing the retailer to shut down the program, according to The Verge.

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Cashierless Stores: Mobile Payments Wave of the Future or Temporary Fad?

While self-service cashierless stores arent exactly new, the notion of full stores, complete with full product lines, being utterly without cashier presence is a bit new.

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The Mobile Payments Market Is Now Estimated to Jump to Over US$1 Trillion in Value by 2022

Mobile payments are now thought of as a market capable of vast growth over the next 3 years. The latest figures put its worth at US348 billion now; however, this is thought to grow to 1.3 trillion in 2022.

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Deep Dive: Mobile Payments Uptake in the US

Deep Dive: Mobile Payments Uptake in the US

Brick-and-mortar retailers must ensure smoother, easier in-store experiences to compete with the conveniences of eCommerce. There are numerous ways to accomplish this task, including speeding up checkouts, deploying vending machines and offering self-serve or scan-and-go stations.

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