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Mobile wallet growth
A new report suggests that the number of people using mobile wallet solutions will grow during the next few years. It reveals that by 2022, the market’s value will reach USD 3,142.17 Billion. In 2016, the figure recorded was USD 594 Billion.
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Mall of America and Chinese consumers
Mall of America, in collaboration with a company offering cross-border mobile payment services, has introduced a settlement system that would allow retailers in the shopping centre to cater for Chinese travellers. This facility will also be implemented throughout the Nickelodeon Universe theme park.
The popularity of the direct operator billing system
Payment solutions based on the direct operator billing system are popular because they allow consumers to process settlements safely and easily. Buyers do not have to input their credit card details to purchase a product.
Trends in the fintech industry
A new report from Juniper Research has revealed that e-payment systems such as mobile wallets or in-store contactless transactions will reach $2 trillion by 2020, representing 15% of the total point-of-sale operations.
The popularity of direct operator billing
Payment solutions based on the direct operator billing system allow content providers to reduce their marketing costs. Moreover, they can enjoy higher conversion rates during checkouts since transactions are completed quickly
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Cashless payments in the UK
According to statistics, cashless payments are gradually becoming popular in the UK. Reports reveal that 62% of customers carry less cash than they used to. Additionally, in comparison to £33 in 2017, its average amount has reduced to £21.
Travel booking and payment solutions
A study carried out by OAG has revealed that travellers are willing to explore new payment solutions to reserve their flights. Additionally, more millennials would prefer to use bitcoin as remittance method than other consumers.
