US Mobile Payments Forecast 2021

Where Proximity and P2P Payment Usage Stands Today—and How It’s Set to Surge

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About This Report
Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments that is set to last. This trend is leading providers to diversify their offerings and compete for share of the market.
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Executive Summary

Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments that is set to last. This trend is leading providers to diversify their offerings and compete for share of the market.

THREE KEY QUESTIONS THIS REPORT WILL ANSWER:

  1. What is driving user growth for both mobile proximity and P2P payments?
  2. As adoption grows, how will mobile proximity and P2P spending change through 2025?
  3. How do key players stack up against each other—and what does this mean for their positioning moving forward?

WHAT’S IN THIS REPORT? In this report, we present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. Based on core data, the report identifies the driving forces behind each sector’s growth for both payers and payees. It also examines which demographic groups will be core to growth moving forward, and what average annual per-user spend will reach in the coming years. Lastly, the report stacks up key players in each sector, assesses their trajectories, and examines what’s next.

KEY STAT: US mobile proximity spending will increase by over $1,600 per user between 2021 and 2025 to reach $4,064.

Here’s what’s in the full report

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Table of Contents

  1. Executive Summary
  2. Key Points
  3. Introduction
  1. Proximity Mobile Payments
  2. Mobile P2P Payments
  3. Read Next
  1. Media Gallery

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authors

Jaime Toplin

Contributors

Tyler Brown
Daniel Decea
Researcher, Financial Services
Reuben Loewy
David Morris
Oscar Orozco
Director, Forecasting