Mobile proximity payments — those made by consumers at the physical point of sale using a mobile device — in the US will total US$54bn by 2019, Javelin Strategy and Research has projected. Today, mobile proximity payments make up 1% of all retail transactions says Javelin, with almost one in six iOS smartphone owners making a proximity purchase within a 30 day period, nearly double the rate of Android smartphone owners.
- Oman to make it mandatory for all merchants to accept cashless payments
- Juniper forecasts contactless card transactions will total US$2.5tn globally in 2021
- Polish mobile payments service lets users make NFC payments direct from bank account
- Swiss mobile payments provider to roll out cross-border payments in 2022
- Japanese university trials face payments for users wearing a mask
This article is more than six years old