Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Jun 21, 2023
Source: Insider Intelligence | eMarketer
Proximity mobile payments are finally reaching a critical mass of users, fueling spending growth. While it will slow in the coming years, providers are capitalizing on growth by building multifunctional ecosystems that expand their captive audience and tighten relationships.
Report
| Jun 1, 2023
Forecasts
| Apr 10, 2023
Source: Insider Intelligence | eMarketer
Chart
| Nov 28, 2023
Source: Insider Intelligence | eMarketer
Retailers need to take note—not having a customer’s preferred payment method can increase cart abandonment
Article
| Mar 9, 2024
Forecasts
| Aug 16, 2023
Source: Insider Intelligence | eMarketer
In 2022, four of the six Southeast Asian countries in our forecast will see double-digit growth in their number of proximity mobile payment users. Beyond delivering convenience to consumers, a host of other factors are driving adoption in the region.
Report
| Oct 26, 2022
US adults are fairly evenly split on using mobile payment apps online versus in-store—except with PayPal, where 36% of users use the platform online most often, compared with 29% of users who use the app in-store, according to CivicScience.
Article
| Aug 9, 2023
It’s hoping that phasing out Google Pay will make its mobile payments offering less confusing for users, increasing adoption: We forecast 32.5% of proximity mobile payment users will use Google Pay this year—versus Apple Pay’s 53.8%.
Article
| Mar 29, 2024
Low adoption and stagnating growth are driving peer-to-peer mobile payment providers to make their services more accessible and attractive to increase engagement within the existing user base.
Report
| Sep 30, 2022
Proximity mobile payment growth in Canada is stagnant, posing a challenge for providers. We expect them to counter this trend by boosting customer engagement rather than seeking out new users.
Report
| Sep 29, 2022
The move can bring in more volume on PayPal’s cards and enhance consumer loyalty
Article
| Oct 6, 2023
KEY STAT: P2P mobile payment providers have ample room to grow in Canada: Two-thirds of the population are still nonusers. But it will be slow going, with YoY growth expected to slow from 4.5% in 2023 to 1.9% in 2027. Executive Summary. The number of P2P mobile payments users in Canada will grow tepidly through 2027—unless providers fine-tune strategies.
Report
| Oct 3, 2023
European Mobile Payment Systems Association (EMPSA). European Parliament. European Payments Initiative. FIS. La Retail Tech. Meta. OpinionWay. Snap Inc.
Report
| Dec 15, 2023
Samsung Wallet could also grow its customer base, which in 2024 will include 12.9% of US proximity mobile payment users. The mobile wallet is expected to grow less than 1.0% compounded annually through 2027, per our forecasts, but an industry shakeup like this could change its growth trajectory. Should Apple be scared?
Article
| Jan 22, 2024
By 2028, more than half (50.2%) of US smartphone users will be proximity mobile payment users, accounting for 132.6 million people, per our March 2024 forecast. 39% of retailers in Australia, North America, and the UK plan to provide more payment options, such as BNPL, to stay competitive in 2024, according to a January 2024 report by Square. The prediction: ”Biometric checkout has a lot of legs.
Article
| Apr 18, 2024
Report
| Sep 1, 2022
We expect tepid annual growth in the number of UK P2P mobile payments users over the next few years. It will more than halve from 4.5% in 2023 to 2.1% in 2027, keeping usage penetration below 40% of consumers. Cultural norms could be capping growth. Widespread use of pay-at-table systems at restaurants reduces the need for patrons to divide the bill.
Report
| Sep 20, 2023
According to finder.com, it's already the most popular mobile payment service in the UK with around 69% of those who've used mobile payments in the previous year opting for Apple Pay. That's ahead of PayPal, which was at 31%, and Google Pay, which was at 27%. I know that some of the other providers are innovating, but so is Apple Pay.
Audio
| Mar 19, 2024
Legacy players in the $774 billion remittance payments market risk being relegated by digital challengers—unless they improve their solutions.
Report
| Feb 9, 2022