Global transaction volumes for contactless payments made using a mobile device will increase by 92% from 26bn in 2021 to 49bn in 2023, according to a forecast by Juniper Research. This growth will “significantly exceed” that of contactless card transaction volumes. More
The total number of digital ticketing transactions worldwide will increase by 62% from 20.8bn in 2021 to 33.8bn in 2023, with bus and metro ticketing accounting for one in three (33%) of those transactions, according to a forecast by Juniper Research... More
Two-fifths of US consumers (40%) still prefer to use cash and just under 40% of US businesses (39%) maintain a cash-only policy for purchases of less than US$20 “despite the availability of technology-driven forms of payment such as credit cards, debit cards and mobile wallets,” a survey by a division of WSFS Bank has found... More
The total value of contactless card transactions worldwide will reach US$2.5tn in 2021, up from US$1.7tn in 2020, Juniper Research predicts. The researchers also forecast that card payments will retain “the majority share of overall contactless transaction values at 79% in 2021”. More
Contactless payments will account for more than half (57%) of the total global value of transactions made at the point of sale (POS) by 2026, compared with just under 25% in 2021, Juniper Research predicts... More
The number of consumers using software-based facial recognition to authenticate payments worldwide will reach 1.4 billion by 2025, up from 671 million in 2020, according to a forecast by Juniper Research... More
The total value of contactless transactions made using payment services provided by smartphone and other original equipment manufacturers (OEMs) will reach more than US$1tn in 2022, a rise of 377% on 2019, Kaleido Intelligence predicts... More
Total global revenue from tokenization provisioning and management for mobile payments will exceed US$53bn in 2025, an increase of more than 180% from US$18bn in 2020, according to a forecast by Juniper Research... More
The total value of digital wallet transactions globally will reach more than US$10tn in 2025, according to Juniper Research, “with over 34% of mobile handsets set to use contactless payments in 2025, up from 11% in 2020.”... More
The total global transaction value of purchases made using smart home devices is expected to rise from US$22bn this year to more than US$164bn in 2025, according to Juniper Research... More
The transaction value of in-vehicle payments made using embedded onboard systems will rise from US$543m in 2020 to $86bn in 2025, driven by fuel, parking, food, drink and other ecommerce purchases, Juniper Research predicts... More
Mobile ticketing transaction volumes, including contactless, in-app and mobile messaging ticket purchases, will increase from 6.8bn transactions in 2020 to 16.9bn in 2022, heralding a permanent shift towards contactless ticketing, according to a forecast by Juniper Research... More
The impact of the coronavirus pandemic “will restrict the growth of MaaS platforms in 2020”, a new forecast from Juniper Research predicts, but MaaS initiatives “will rebound quickly in 2021 as cities re-evaluate their transport strategies”... More
Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research... More
Global contactless transaction values will reach nearly US$6tn in 2024, up from US$2tn today, Juniper Research forecasts... More
Contactless point of sale installed base to exceed 161m by 2024 — Juniper Research — “New data from Juniper Research forecasts that the installed base of contactless-enabled POS (Point of Sale) devices will exceed 161m by 2024; growing from 78m in 2019. Contactless POS devices will then be 94% of all POS devices in use.”
Biometrics to secure $2.5tn in mobile payments by 2024 — Juniper Research — “Biometric authentication will be used to secure US$2.5tn worth of mobile payment transactions by 2024, an increase of almost 1,000% on the US$228bn expected to be transacted through the method by the end of 2019.”
mPOS transaction values to exceed $1.9tn by 2024 — Juniper Research — “Juniper Research forecasts that mPOS (Mobile Points of Sale) transaction values will exceed US$1.9tn by 2024, up from $850bn in 2019. This growth will be driven by service adoption from new business users, including pop-up stores and street vendors, for whom the acceptance of card payments was previously inaccessible.”
By 2024, nearly 40% of the global population will have been issued with a mobile digital identity document, Juniper Research forecasts — a total of more than three billion people... More
Digital ID platforms to be used by 5bn people in 2024, as emerging economies go mobile-first — Juniper Research — “The number of people using government-issued digital identity credentials will grow by over 150% from an expected 1.7bn in 2019 to over 5bn in 2024… Mobile ID schemes take the lead over digital identity cards, with a third more users relying on apps compared to cards in the next five years.”