News about Research.
February 10th, 2016
More than four in ten New Zealanders (41%) would consider using NFC mobile payments today and 44% believe mobile payments will be the next thing to take off, followed by biometrics/facial recognition/fingerprints (21%) and wearable technology (18%), research from MasterCard reveals. 49% expect they will not use cash in ten years’ time, with more than a third believing retailers need to do more to embrace new payment technologies.
February 10th, 2016
Apple Pay has seen an acceleration in mobile app acceptance across the US, according to Piper Jaffray analyst Gene Munster, who calls it an “inflection point” in a recent investor note reported by Quartz. “While most attention has been paid to which retail stores have started accepting Apple Pay, the iPhone-based payment service has quietly made serious progress in mobile commerce,” the publication says. Apple Pay is also leading POS mobile payments in the US, according to the firm.
February 4th, 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019.
January 29th, 2016
Visa PayWave accounted for 61% of the 1.4bn contactless payments made in Europe in 2014, research from RBR reveals, with MasterCard PayPass accounting for the “vast majority” of the remainder. “Contactless has spread rapidly in Europe and RBR forecasts the payment volume to increase nine-fold between 2014 and 2020,” the firm adds.
January 27th, 2016
More than a third (34%) of browser-based online transactions globally are now made on a mobile device, compared to just over 30% last quarter, research from Adyen reveals. “The increase is driven particularly by major Asian-based payment methods including JCB, UnionPay and Alipay,” the firm says. “The UK continues to lead the way in mobile payment adoption, with 49% of online transactions on mobile devices.”
January 27th, 2016
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre. The study also reveals why IT professionals believe the risk…
January 26th, 2016
PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus. Bell ID will form part of Rambus’ Cryptography Research division, which specialises in embedded security solutions including tamper resistance,…
January 25th, 2016
Nearly a third of US consumers (32%) are currently using a mobile wallet such as Apple Pay or Android Pay, research from Vibes reveals. 94% are likely to save personalised mobile wallet offers and coupons while 59% say their opinion of a retailer would become more positive if they started to receive coupons and offers that could be saved on their smartphones.
January 25th, 2016
Apple Pay is “overwhelmingly the share leader” in point-of-sale mobile payments across the US despite uptake remaining relatively low, the latest statistics from Piper Jaffray’s Apple Pay adoption tracker show. “Analyst Gene Munster expects numbers to rise in 2016 as Apple integrates attractive new features like P2P payments and in-browser integration,” AppleInsider reports.
January 22nd, 2016
Contactless payments in the UK hit a record £1.02bn (US$1.45bn) in a single month for the first time in November 2015, increasing from £287m in January that year, The UK Cards Association reveals. The number of contactless purchases in November totalled 128m while the average transaction value increased to £8.03, up from £7.72 in October.
January 21st, 2016
One in six South Korean consumers (15.8%) have used a mobile to pay for in-store or online purchases, research by The Bank of Korea shows. “44.4% said they used their mobile devices for shopping up to three times per month,” Yonhap News Agency reports. “49.5% said they used the mobile banking services twice a week, followed by 36.4% who have tried the service at least once over the past six months.”
January 13th, 2016
More than half of UK consumers (54%) are willing to authorise payments using biometric technology, research from Experian shows. Accessing online accounts (64%) topped the list of services people are most willing to use biometric…
January 12th, 2016
More than nine in ten users of Apple Pay in the US (91%) have now made an in-store payment using a credit card stored on their mobile device and two thirds (67%) have made an…
January 7th, 2016
A case study that details the lessons learned by mobile network operator China Unicom when implementing mobile couponing and loyalty solutions in the Chinese market is now available to download from the NFC World+ Knowledge Centre. ‘China Unicom: Delivering mobile couponing and loyalty services to the Chinese market’, produced by the GSMA, also explores the opportunities available when mobile network operators and merchants work together to implement retail incentive programs.
January 4th, 2016
Contactless transaction volumes have risen sharply since the UK transaction limit increased from £20 (US$30) to £30 (US$46) in September 2015, research from Barclaycard reveals. Service stations, pubs and bars, supermarkets and fast food outlets have seen the biggest increases.
January 4th, 2016
Contactless card transactions now account for one in ten card payments made in the UK, research from The UK Cards Association shows. 120.5m contactless payments were made in October 2015, representing 10.3% of all card transactions that month, a rise from 3.7% in October 2014. A total of £929.8m was spent using contactless in October 2015, with the average value of a contactless payment standing at £7.72.
December 23rd, 2015
PARTNER NEWS: Three market research companies have named digital security giant Gemalto as the world’s number one supplier of contactless and mobile solutions for public transportation. “ABI Research, Juniper Research and IHS have all published independent reports that rank Gemalto as the global leader in this fast-growing sector,” the company says.
December 22nd, 2015
More than half of US online shoppers (56%) are interested in storing gift cards on their mobile phone, according to research from CashStar. “Residents of Western states expressed the most interest in mobile options (59%) and also are most interested in receiving digital gift cards versus plastic (22%),” the company says. “Younger shoppers are far more interested in storing gift cards on their mobile phones — 74% of 18-24 year olds vs. just 34% of those aged 66 and older.”
December 21st, 2015
One in three of all card-present transactions made globally between July 2014 and June 2015 used EMV chip technology, research from EMVCo shows. 97% of card-based payments in Europe Zone 1 used EMV, followed by 87% in Latin America, 84% in Africa and the Middle East, 65% in Europe Zone 2 and 34% in Asia. “The US is just beginning to establish its EMV infrastructure with EMV chip payments accounting for less than 1% of transactions during this reporting period,” EMVCo says.
December 17th, 2015
A white paper aimed at giving transport operators, transport authorities and ticket distributors greater insight into deploying mobile ticketing technologies and services while both containing costs and improving the passenger experience is now available to download from the NFC World Knowledge Centre.