Subscribe free to our newsletters via your
. GPS News .




TRADE WARS
Mobile wallet adoption years away: eMarketer
by Staff Writers
San Francisco (AFP) Oct 09, 2014


Industry tracker eMarketer on Thursday said that use of smartphones as wallets will jump in the US next year, but shoppers won't be quick to abandon cash or credit cards.

"The more things change in the US mobile payments space, the more they seem to stay the same -- at least in the short term," eMarketer analyst Bryan Yeager said in a release.

"Despite a wider range of available technology and adoption from more merchants, consumers remain tepid about paying for goods and services with their phone at the point of sale."

The amount of money spent using smartphone wallets will climb in coming years, though, especially as consumers begin using them for big ticket buys, according to eMarketer.

A report authored by Yeager forecast that US consumers this year will consummate $3.5 billion worth purchases using smartphones, and that the amount would jump 150 percent in 2015.

A mainstream shift to mobile wallets in the US is still years away, climbing to $27.47 billion in the year 2016 and then quadrupling the following year to $118.01 billion, according to eMarketer.

Apple adding Apple Pay mobile wallet to its newest iPhone models and eBay splitting off its PayPal online financial services division have captured attention in recent weeks, but the overall market remains fragmented, the report indicated.

"Apple Pay will do a lot to bring consumer awareness to mobile payments, but it still has to work," Yeager said.

"If new Apple Pay customers get excited to try the product and there are hiccups the first time they use it, that's going to be a negative experience, and they might think twice about trying it again."

No matter how well smartphone wallets are designed, winning people over often depends on how well and how broadly merchants incorporate the payment systems into the check-out process, according to eMarketer.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Cyber-crime costing US billions: FBI chief
Washington (AFP) Oct 06, 2014
China is waging an aggressive cyber-war against the United States which costs American business billions of dollars every year, Federal Bureau of Investigation director James Comey said Sunday. The FBI chief told CBS television's "60 Minutes" program China topped the list of countries seeking to pilfer secrets from US firms, suggesting that almost every major company in America had been targ ... read more


TRADE WARS
Ivory Coast buoyed by record agricultural harvest

No sign of health or nutrition problems from GMO livestock feed

China's Ningxia matures as a quality wine producer

Ex-rubber tapper Silva out to land Brazil presidency

TRADE WARS
Intel to buy stake in two Chinese firms

Oxides Discovered by CCNY Team Could Advance Memory Devices

New discovery could pave the way for spin-based computing

Future flexible electronics based on carbon nanotubes

TRADE WARS
Next phase of underwater MH370 search begins

High-performance military helo S-97 Raider makes debut

BAE Systems Australia building avionics components for F-35

Boeing relocating jobs from Washington State

TRADE WARS
High-tech gadgets drive wow factor at Paris motor show

Siri can be distraction to drivers: US study

Musk: Next Tesla cars will self-drive 90 percent of the time

Lamborghini reveals Asterion LPI-910, hybrid supercar that hits 199 mph and gets 57 mpg

TRADE WARS
Social networks make push as shopping destinations

Chinese firm secures mining deal in nickel-rich New Caledonia

China a drag on steel demand: trade body

Lego lays building blocks for Asian dominance

TRADE WARS
Climate program will protect 9 million hectares of Congo forest

If trees could talk

Time for worldwide fund to save mangroves: UNEP

Philippines 'breaks world tree-planting record'

TRADE WARS
US, India Cement Cooperation in Earth Exploration

NASA satellite spies sediment plumes along Greenland coast

NASA Ocean Data Shows 'Climate Dance' of Plankton

NASA Support Key to Glacier Mapping Efforts

TRADE WARS
Fast, cheap nanomanufacturing

Nanoparticles give up forensic secrets

All directions are not created equal for nanoscale heat sources

Researchers develop transparent nanoscintillators for radiation detection




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.