Global NFC-enabled smartphone sales will grow more than 55% year over year in 2015, research from Strategy Analytics has found... More
Research
US$2.7tn mobile wallet market by 2020
The global market for mobile wallets will reach US$2.7tn by 2020, “driven by the proliferation of smartphones, tablets, mobile internet, strong governmental support for cashless transactions and the convenience offered by mobile payments,” Global Industry Analysts says... More
One in five Australians make in-store mobile payments
Three in ten Australians plan to use their smartphone for all their digital money and financial needs by 2017 and one in five (17%) are already using their smartphones to make in-store payments, research from lender Fair Go Finance reveals... More
$4bn mobile money transfer revenue by 2018
Revenue from mobile money transfer services will hit US$2bn this year, doubling to $4bn by 2018, Juniper Research says, citing Africa as the market leader... More
Almost one in ten have made in-store mobile wallet payments
Some 8% of global mobile users have made an in-store mobile wallet payment either using NFC or via an app in the last six months, research from trade body Mobile Ecosystem Forum (MEF) and Wirecard has revealed... More
One in four US consumers would share DNA with their bank
One in four US consumers would consider sharing their DNA with their financial institution if it meant it would make authentication easier and their personal information more secure, research from Telstra reveals... More
Almost one in six US consumers are using mobile wallets
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile wallet functionality in the coming six months, a study released by market research and consulting firm Chadwick Martin Bailey has found... More
Mobile payments mainstream by 2020
Nearly a third (31%) of global payment and banking experts believe mobile payments will go mainstream in their region in the next five years, and 41% believe mass NFC and contactless adoption will occur within the same period, research from retail banking provider Compass Plus has found... More
Brain waves could replace passwords
Brain waves could be used to verify a person’s identity in the future, researchers from Binghamton University have demonstrated in a study published in academic journal Neurocomputing... More
Less than a quarter of top US retailers accept Apple Pay
Fewer than a quarter of the National Retail Federation’s list of the top 100 US retailers are now accepting Apple Pay, with nearly two-thirds saying they will not be accepting it this year and only four saying they have plans to add support in the next 12 months, research conducted by Reuters has found... More
One in five Europeans expect to make daily mobile payments by 2020
One in five Europeans expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in ten who do so already today, research from Visa Europe has found... More
Kantar: 13% of US iPhone 6 owners have used Apple Pay
Some 13% of iPhone 6 and 6 Plus owners in the US have used Apple Pay and 11% are planning to do so, a survey conducted by Kantar Worldpanel has revealed... More
Execs look to disrupt payments value chain
Nearly half (44%) of payment executives globally cite reducing the number of fee collectors in the payments value chain as their “top opportunity”, ranking higher than targeted offers (41%) and mobile (39%), ACI Worldwide and Ovum reveal... More
Four in ten UK smartphone owners willing to make NFC mobile payments
Almost two fifths (38%) of UK smartphone owners are willing to make NFC mobile payments, research carried out by YouGov on behalf of business process management company Firstsource Solutions has revealed... More
37% of vending payments cashless
Cashless payments now account for 37% of all transactions made on vending machines equipped with USA Technologies’ ePort Cashless Payment System, data from the company’s 2015 Cashless Knowledge Base Study has found... More
UK contactless transactions up nearly 50% in six months
The number of UK contactless transactions has risen by nearly 50% in the last six months from 16.33m in November 2014 to 24.4m in April this year, representing an increase of 964% in the last two years, payment processor Worldpay has revealed... More
One in four UK consumers influenced by in-store payment methods
More than one in four UK consumers are more likely to shop somewhere if it offers a greater range of — and more innovative — payment methods, a survey conducted for Sage Pay has revealed... More
Nearly half of iPhone 6 owners successfully using Apple Pay
Nearly half (46%) of US iPhone 6 owners have now successfully used Apple Pay, up from 42% two months ago, and 63% of those are using the mobile payments service on a weekly basis, the bi-monthly Apple Pay Tracker from Auriemma Consulting Group (ACG) has revealed... More
Visa Checkout reports 4m customers and 125,000 merchants
More than four million customers have now signed up for Visa Checkout since its launch in July last year, and more than 125,000 merchants are now accepting the online checkout service along with 260 financial institutions globally... More
US millennials lead the way for mobile payments
Some 41% of US millennials aged between 18 and 34 are now using mobile payments, compared to 18% of 35- to 44-year-olds, 14% of 45- to 54-year-olds, 10% of 55- to 64-year-olds and 8% of those aged over 65, research from POS supplier Harbortouch has revealed... More