Mobile payments are projected to grow 60 percent by 2015. That forecasted growth would take mobile payments to 47 billion transactions, up from 29 billion transactions in 2013.
A recent Mobile Payments Today report takes a look at consumer habits and preferences in this growing payments space. The "2015 Mobile Payments State of the Industry" report is based on extensive consumer surveys. The survey documents how mobile users in the US, the UK, India and Brazil are integrating mobile payments into their daily lives.
Available in five versions, each individual report breaks down each of these countries’ very different mobile markets. Each report answers questions about the mobile banking and payments environment that include:
- How payment-method preferences changed for mobile phone purchases
- Consumer preferences and uptake rates for mobile banking apps
- Consumers warming to the idea of sending money to others via mobile
- How thinking about mobile security has changed
Analysis and commentary by industry experts cover topics like consumer use of mobile payments, mobile apps and mobile-optimized websites.
Understanding current trends in mobile payments is an important factor for any community financial institution looking to successfully enter the mobile payments arena.
Download the full report here.