News stories featuring Forrester:
February 9th, 2017
The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates. “Mobile in-person payment will grow the fastest, increasing to 6.8 times its size between 2015 and 2021,” the research firm says. Mobile remote payments, including in-app, will grow 2.7 times its current size by 2021, while mobile P2P payments “will continue to have the smallest market share despite quadrupling during the next five years”.
August 16th, 2016
More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals.
May 1st, 2015
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.
November 19th, 2014
US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester. However, that number will be “just a drop in the ocean of total US consumer spending,” ComputerWorld reports, representing just 1% of the total US$16trillion consumer payments market.
August 7th, 2012
The number of NFC-enabled mobile devices shipped worldwide will more than double this year to nearly 100m, according to Forrester Research, but mainstream use of the technology “remains three to five years away in most countries”.
November 25th, 2011
“2016 will mark the real start of money’s digital switchover in the UK,” says the boss of PayPal UK. “Children born today will become the UK’s first ‘cashless generation’. It will be completely natural for them to pay by mobile.”
April 16th, 2011
Most American financial institutions have clear-cut strategies for mobile banking but say the market will need to mature further before they make any sizeable investments to support mobile payments, research from financial services technology provider…
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