Half of consumers in mature markets including North America, Japan and parts of Western Europe expect to be using smartphones or wearables to make payments by 2018, research from Gartner shows. “Any mobile payment wallets that are tied to the device will have limited adoption,” says the firm’s Annette Jump. “Cloud-based solutions will have a better chance to succeed as they can reach a wider audience and can support many use cases beyond face-to-face or in-store options.”
- PicWicToys lets shoppers skip the checkout lines
- Chinese banks and carriers to pilot central bank digital currency
- Danish office workers pilot face recognition payments
- Canadian credit unions add Google Pay support for domestic debit cards
- One in three Canadians make mobile contactless payments ‘on a regular basis’
