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Why Proximity Mobile Payment Usage Lags in France

Why Proximity Mobile Payment Usage Lags in France

Nov 07, 2019

A pioneer in smart card technology, France was the first country worldwide to introduce chip-and-PIN payment cards. Now, contactless cards are also widely available, but that has held back adoption of mobile payment alternatives.

Strong Growth from Venmo and Zelle Drives P2P Transaction Volume

Nov 05, 2019

Peer-to-peer (P2P) payments are increasing significantly in the US, driven by tremendous growth from Venmo and Zelle. eMarketer’s latest estimates show that P2P mobile transactions will total $309.95 billion this year, growing 27.9% to hit $396.48 billion in 2020.

China Is Moving Toward a Cashless Society

China Is Moving Toward a Cashless Society

Oct 31, 2019

In 2019, we estimate that 577.4 million people in China made a purchase via proximity mobile payment within a six-month period. Those users account for 49.6% of the country’s population. Next year, more than half of the population will utilize this payment method, with that figure rising to 60.5% in 2023.

Apple Pay Dominance Drives Mobile Payment Transaction Volume

Oct 28, 2019

Apple Pay’s dominance and increasing store adoption of mobile proximity payment technology is driving growth in transaction volume in the US, new eMarketer estimates show. This year, we estimate that mobile proximity payment transactions will total $98.88 billion this year, growing another 31.8% to $130.36 billion next year.

Contactless Competition and Digital Limitations Stifle Proximity Mobile Payment Growth in the UK

Contactless Competition and Digital Limitations Stifle Proximity Mobile Payment Growth in the UK

Oct 25, 2019

The UK is a nation of digitally advanced consumers. However, it lags behind many other countries we track when it comes to proximity mobile payments. No other country comes remotely close to China’s rate of penetration among smartphone users—81.1% vs. just 19.1% in the UK. But whereas the UK tends to come somewhere toward the top of most lists of digital adoption, in this case it falls toward the bottom of the “moderate adoption” bucket according to our adoption categorizations, below the likes of Indonesia and Italy.

Global Mobile Payment Users 2019

Global Mobile Payment Users 2019

Oct 24, 2019

The global payment market will hit a major milestone in 2020: 1.06 billion people are expected to make a proximity mobile payment. But even as countries like China and Sweden take steps toward a cashless society, most of the world will still rely on cash and cards.

UK Mobile Payment Users 2019

UK Mobile Payment Users 2019

Oct 24, 2019

Growth in proximity mobile payment use in the UK remains slow but steady. Against a strong headwind of contactless card use, mobile payments have struggled to take hold, though young consumer use offers a glimmer of hope.

China Mobile Payment Users 2019

China Mobile Payment Users 2019

Oct 24, 2019

Consumers in China, whether buying at retail outlets or street stalls, are using proximity mobile payments—largely supported by QR codes—and reducing their dependency on cash.

Latin America Mobile Payment Users 2019

Latin America Mobile Payment Users 2019

Oct 24, 2019

This report features our latest forecasts for proximity mobile payment users in Latin America, with breakouts for Argentina, Brazil and Mexico. It also examines emerging trends and key drivers fueling regional market movements.

Apple Pay Overtakes Starbucks as Top Mobile Payment App in the US

Oct 23, 2019

For the first time, a generic mobile payment app is more popular than the Starbucks mobile app, which had long led the category despite being specific to one retailer. Apple Pay became the market leader last year, when 27.7 million Americans used the app to make a purchase.