US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals. “Mobile will account for at least 60% of US digital commerce revenue by 2020,” the company adds.
- Strong customer authentication requirements could cost European retailers €100bn in lost sales
- Edenred adds Apple Pay for UK prepaid cardholders
- Amazon lets customers pay with their palm at two US retail stores
- Samsung lets German customers link any bank account to Samsung Pay
- One in five Japanese consumers to make mobile payments in stores this year
This article is more than four years old