Mobile payments—both proximity payments and P2P transfers—continue to grow rapidly in volume. User growth is slowing, and increased spending will primarily come from existing users spending more often via mobile phones.View this Report
With few well-known tourist attractions, Finland may seem like an unlikely travel destination. But tourism from China—and thus retail spending—is soaring. Finnair's Henrik Balk and Finavia's Elena Stenholm explain why.
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Interest in Payment Plans for Low-Priced Items Among US Internet Users, by Age, Oct 2019 (% of respondents)
US Internet Users' Interest in Payment Plans for Low-Cost Items, by Student Loan Debt, Oct 2019 (% of respondents)
Mercado Pago Marketplace* vs. Nonmarketplace Payment Volume** in Latin America***, 2017-2019 (billions)
Which Payment Methods Have Internet Users in India Used or Plan to Use During this Festive Season*? (% of respondents, by demographic, Oct 2019)
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How Mercado Pago Is Reshaping Mobile Payments in Latin America
Dec 04, 2019
In response to changing consumer behavior, mobile payment platforms around the world are innovating quicker than their traditional bank counterparts. Latin America is no exception; it is home to Argentina-based Mercado Pago, a major player in the global adoption of cashless transactions.
China Is Moving Toward a Cashless Society
Nov 25, 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.
Retailers Are Embracing Mobile Payments
Nov 21, 2019
One of the biggest drivers for proximity mobile payment growth is the ever-expanding footprint of stores accepting payments. According to Apple, 74 of the top 100 retail chains accepted Apple Pay as of January 2019, and more have joined since then.
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.
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
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.
France Mobile Payment Users 2019
Oct 24, 2019
People in France were early adopters of smart payment cards, including chip-and-PIN and contactless technology. That has stifled proximity mobile payment adoption, with just 15.6% of France’s smartphone users expected to pay with their phone in-store in 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.
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.
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.