US proximity mobile payment transaction value is booming, as Apple, Google, and Samsung race to add wallet features that make paying via mobile wallet stickier. Payment providers will play a key role in developing features that put consumers’ commerce in one place.

Key Question: What factors are driving mobile proximity payment growth generally and among key wallet players?

Key Stat: Mobile wallets are becoming an in-store retail staple. US point-of-sale (POS) transactions made via these wallets will pass the $1 trillion milestone in 2027, per our forecast, with about half of smartphone users making these payments the following year.