10 news stories.
• Should Forrester be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Forrester be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The percentage of merchants in the USA that now accept contactless payments has risen to 58% from 40% last year, while those accepting mobile payments from digital wallets has gone up to 56% from last year’s 44%, according to research released by the National Retail Federation (NRF)... More
Forrester: Mobile shopping stalls as payment hinders growth — Mobile Marketer — “Cumbersome payment methods that require too many keystrokes at checkout are impeding the adoption of commerce on mobile, where conversion rates are about half that of desktop and laptop platforms… The percentage of online US sales made on mobile phones dipped from 43% in 2016 to 36% last year… During that same time, ecommerce grew by 14%.”
European mobile payments will almost triple by 2021 — Forrester — “Forrester estimates that mobile payment transactions in Western Europe will grow from €52 billion in 2016 to €148 billion by 2021.”
The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates... More
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. More
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... More
US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester... More
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”... More
“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.” More
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 Fiserv reveals... More