Global EMV payment card shipments increased by less than 1% year-on-year in 2016, reaching nearly 3bn, ABI Research says... More
Research
NFC SIM ‘losing its fight’ against HCE
The NFC SIM card is losing its fight against embedded secure elements and host card emulation (HCE) technologies which are “continuing to gain momentum due to ongoing interest from banks, financial institutions and transportation authorities,” ABI Research says... More
Mobile wallet providers ‘failing to realise full potential of loyalty programs’
Mobile financial service providers are failing to fully realise the potential of loyalty programs to drive revenue growth, a survey by customer experience solutions provider Amdocs and consultancy firm Ovum says, while those who employ loyalty programs are “better placed” to increase usage and adoption of their mobile wallet service... More
Wearable security market to reach $5.74bn by 2021
The global wearable security devices market is expected to reach US$5.74bn by 2021, Technavio research shows... More
Half of US and UK consumers want more chatbots
Nearly half of mobile users in the US and UK (49%) say they would like more conversational chatbot and/or SMS messaging options with brands, research released by OpenMarket says... More
India to ‘skip card era’ for mobile payments
Mobile and digital payments will overtake physical card payments as the predominant non-cash payment mode in India this year, Deloitte India predicts... More
Mobile to account for 28% of online retail spending in Europe this year
More than a quarter of all online retail sales across Europe (27.9%) will be done using a mobile device in 2017, with UK consumers spending more money in-store, online and in-app using mobile devices than any other Europeans, research released by VoucherCodes.co.uk and the Centre for Retail Research (CRR) shows... More
3bn digital banking users by 2021
Nearly 3bn users will have access to retail banking services through smartphones, tablets, PCs and smartwatches by 2021, Juniper Research reveals, up 53% from 2017... More
Mobile wallet market to pass $4tn by 2021
The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016... More
Gartner predicts 20.4bn connected ‘things’ by 2020
Some 8.4bn connected “things” will be in use worldwide in 2017, up 31% from 2016, with 20.4bn in use by 2020, Gartner predicts... More
US mobile payment transactions to reach $282bn by 2021
The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates... More
Apple Pay most popular mobile payment service among US retailers, survey finds
Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals... More
Eight in 10 US consumers would prefer an Amazon Go automated store to traditional shopping
Some 84% of US consumers say they would enjoy shopping at an Amazon Go automated store more than a traditional grocery store, but a fifth think they would lose out on traditional shopping experiences by doing so, the results of a survey of 1,000 shoppers released by packaging solutions provider Shorr Packaging show... More
Young Brits adopting mobile wallets
Two thirds of 18- to 25-year-olds in the UK (64%) are using a mobile wallet, while only 14% have “no interest” in doing so, research released by social money transfer app Moneymailme reveals... More
Mobile wallet spending to rise 32% in 2017
The amount of money spent around the world using a mobile wallet will rise by nearly 32% this year to US$1.35tn, Juniper Research predicts... More
One fifth of global consumers have made an in-store mobile payment as China leads the way
Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average. More
Mobile payments market worth $3,338bn by 2022
The global mobile payments market will reach US$3,388bn by 2022, growing at a compound annual growth rate (CAGR) of 33.4%, Allied Market Research predicts... More
One in 10 UK consumers have used mobile payments, survey reveals
More than one in 10 (11%) of UK consumers have made an in-store mobile payment and do so occasionally, with 2% doing so “wherever possible”, research from price comparison service uSwitch reveals... More
Biometric smartphones double in a year
The number of smartphone models incorporating biometric technology has more than doubled in the last year, a report by Acuity Market Intelligence says... More
62% of US consumers own IoT device
A study by the Interactive Advertising Bureau (IAB) shows nearly two-thirds (62%) of American consumers own at least one Internet of Things (IoT) connected device, while 65% of them say they are willing to receive ads on IoT screens... More