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A new report reveals that the use of mobile wallets and mobile payments by US consumers has rebounded to 2016 levels or higher after a two-year decline. The use of... more
The development of the Chinese payments industry in recent years has been breathtaking. Here are a few proof points: China’s mobile payments sector dwarfs the US. In 2017, China saw... more
The post All eyes East: Will China dominate payments innovation? appeared first on Payments Cards & Mobile.
The year 2016 marks the second time that multiple Federal Reserve Banks (FR Banks) have surveyed financial institutions (FIs) about their mobile banking and payment practices and plans. After surveying institutions in the Atlanta, Boston, Dallas, Minneapolis, and Richmond Federal Reserve Districts (Districts) in 2014, the FR Banks, led by the Federal Reserve Bank of [...]
The post Report: Mobile banking and payment practices of US Financial Institutions appeared first on Payments Cards & Mobile.
Although the mobile wallet ecosystem is maturing, in-store mobile payments haven’t yet taken off. Consumer disinterest, coupled with delays in fully implementing the necessary infrastructure, are preventing mobile wallets from achieving mainstream adoption. While neither US merchants nor consumers have yet to fully embrace mobile payments, mobile wallets offer benefits to all stakeholders: enhanced security [...]
The post US mobile payments projected to grow (from small base) 80% by 2020 appeared first on Payments Cards & Mobile.