And the number of US proximity mobile payment users is expected to hit 99.7 million in 2022, up from 92.4 million last year, per Insider Intelligence forecasts. More consumers are opting for contactless payments as cash use declines and demand for faster transactions grows. Oracle’s new payment solution helps businesses tap into that demand and improve the customer experience.
Article
| Jun 30, 2022
The number of global proximity mobile payment users is expected to hit 1.345 billion in 2022, up from 1.182 billion in 2020, per Insider Intelligence forecasts. QR code-based transactions and tap-and-pay cards are also fueling contactless payment growth. And growing fraud threats have made payment security a major focus for both businesses and consumers.
Article
| May 18, 2022
It added Apple Pay as a payment option for Advanced Checkout and introduced new features to streamline customer checkout.
Article
| Apr 5, 2023
Apple’s long-teased buy now, pay later service is finally here, but what can it bring to an already crowded table? Our analysts unpack who may use Apple Pay Later and evaluate five of its prerelease features to see how they stack up to consumer demand.
Article
| Mar 31, 2023
Apple’s product strength and established wallet reach will make the solution a prime competitor in a crowded market.
Article
| Mar 29, 2023
On today's episode, we discuss why brands should be thinking more about community; Apple rolling out its buy now, pay later offering; consumers' shipping priorities; H&M's new resale program; what in-store retail robots can do; facts about US national parks; and more. Tune in to the discussion with our forecasting writer Ethan Cramer-Flood, vice president of content Suzy Davidkhanian, and analyst Blake Droesch.
Audio
| Apr 6, 2023
Amazon and others are rapidly rolling out contactless checkout: While the pandemic sparked interest in contactless technology, the tight labor market could lead more retailers to adopt the tools.
Article
| Apr 22, 2022
On today's episode, we discuss why Zelle (and person-to-person payment apps) are in hot water, which service most Americans use, and how we'll be paying for things in 2026. "In Other News," we talk about the current state of the cryptocurrency crash and the impact Apple Pay Later will have on the buy now, pay later space. Tune in to the discussion with our analysts Jaime Toplin and Adriana Nunez.
Audio
| Jun 21, 2022
But the company also has plans to cut costs, which will include layoffs
Article
| Nov 6, 2023
Chart
| Jul 1, 2023
Source: Insider Intelligence | eMarketer
The number of P2P mobile payment users will more than double from 20.5 million (representing 36.7% of Gen Z mobile phone users) in 2021 to 41.1 million (representing 60.7%) by 2025. PayPal was the top payment app for all generations, including Gen Z (Logica Research). Gen Z is particularly fond of mobile payments.
Article
| Nov 16, 2021
On a wider scale, we expect increased acceptance will help drive proximity mobile payments volume to hit $416.38 million in the US this year, per Insider Intelligence forecasts. Although mobile payments are quite safe, a security perception gap has hindered adoption. Adding more security layers might bring more users to Apple Pay and increase the wallet’s volume.
Article
| Apr 26, 2022
Small businesses have been hesitant to adopt mobile payments because of the costs associated with acceptance—but softPOS solves this problem. Previously, softPOS was only available on Androids. But with Apple entering the arena, it can capture some of this volume and further capitalize on its large base of iPhone users.
Article
| Feb 10, 2022
Gen Z isn’t taking the same financial services customer journey as older consumers. Our inaugural survey of US banking consumers unveils where the differences lie.
Report
| Nov 30, 2023
Our seventh annual study reveals which of the 15 biggest US banks lead in mobile app innovation—a significant factor in attracting mobile-forward Gen Z—based on an exclusive survey of which features 1,895 mobile banking users value most.
Report
| Nov 27, 2023
Enabling cryptos into products like Apple Pay and Apple Card could open up monetization and engagement opportunities.
Article
| Nov 12, 2021
It launched Tap to Pay on Android a year after it signed on to deploy Apple’s Tap to Pay on iPhone—helping feed demand for softPOS and contactless payments.
Article
| Feb 24, 2023
EU probing Apple Pay: Restricting access to key NFC technologies on iPhones prevents EU banks from providing payment solutions, limiting competition. Mounting scrutiny could alter the duopoly’s payments dominance.
Article
| May 3, 2022
Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal—but there’s one catch.
Article
| Jan 24, 2023
Did Google pay Apple to stay out of the search game? A new lawsuit claims so: Antitrust scrutiny heats up on Big Tech ballooning unchecked into trillion-dollar firms.
Article
| Jan 6, 2022
On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss whether TikTok Shop will face the same challenges as Instagram's social commerce efforts, how much Amazon's partnership with Meta's social media platforms will affect TikTok, and if TikTok Shop is ruining TikTok. Then in a newish segment, "Loyalty Point, Counter Point," we discuss whether Instagram or TikTok has a better overall ecommerce experience. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Blake Droesch.
Audio
| Nov 22, 2023
BNPL loans can be accessed at the point-of-sale (online or in-person), usually via a BNPL loan provider's branded app, via a merchant’s website or app, or via proximity mobile payment apps like Apple Pay and Google Pay. Examples include Affirm, Afterpay, Klarna, Zip, and PayPal’s BNPL service. Some short-term, no-interest loans can be accessed only at retailers. Examples include Bread Pay and SetPay.
Article
| Aug 18, 2023
We dive into how Mastercard and other payment providers are thinking about the technology and what it holds for the future
Article
| Oct 23, 2023
Forecasts
| Apr 10, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Apr 10, 2023
Source: Insider Intelligence | eMarketer