Subscribe free to our newsletters via your
. Energy News .




TRADE WARS
Mobile wallet adoption years away: eMarketer
by Staff Writers
San Francisco (AFP) Oct 09, 2014


Industry tracker eMarketer on Thursday said that use of smartphones as wallets will jump in the US next year, but shoppers won't be quick to abandon cash or credit cards.

"The more things change in the US mobile payments space, the more they seem to stay the same -- at least in the short term," eMarketer analyst Bryan Yeager said in a release.

"Despite a wider range of available technology and adoption from more merchants, consumers remain tepid about paying for goods and services with their phone at the point of sale."

The amount of money spent using smartphone wallets will climb in coming years, though, especially as consumers begin using them for big ticket buys, according to eMarketer.

A report authored by Yeager forecast that US consumers this year will consummate $3.5 billion worth purchases using smartphones, and that the amount would jump 150 percent in 2015.

A mainstream shift to mobile wallets in the US is still years away, climbing to $27.47 billion in the year 2016 and then quadrupling the following year to $118.01 billion, according to eMarketer.

Apple adding Apple Pay mobile wallet to its newest iPhone models and eBay splitting off its PayPal online financial services division have captured attention in recent weeks, but the overall market remains fragmented, the report indicated.

"Apple Pay will do a lot to bring consumer awareness to mobile payments, but it still has to work," Yeager said.

"If new Apple Pay customers get excited to try the product and there are hiccups the first time they use it, that's going to be a negative experience, and they might think twice about trying it again."

No matter how well smartphone wallets are designed, winning people over often depends on how well and how broadly merchants incorporate the payment systems into the check-out process, according to eMarketer.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Cyber-crime costing US billions: FBI chief
Washington (AFP) Oct 06, 2014
China is waging an aggressive cyber-war against the United States which costs American business billions of dollars every year, Federal Bureau of Investigation director James Comey said Sunday. The FBI chief told CBS television's "60 Minutes" program China topped the list of countries seeking to pilfer secrets from US firms, suggesting that almost every major company in America had been targ ... read more


TRADE WARS
Canada will miss 2020 target to cut carbon emissions

Efficiency 'powerhouse' in energy sector, IEA says

Kyocera, IBM and Tokyu Community Test ADR Energy Management Systems

Scotland upset with London power decisions

TRADE WARS
Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail

Smart, eco-friendly new battery to solve problems

New Technology May Lead to Prolonged Power in Mobile Devices

How things coil

TRADE WARS
Turkey may need to go green, director says

Scottish renewable energy output up 30 percent from 2013

UAE's Masdar joins mega wind project off Britain

RWE Innogy gets new British wind energy running

TRADE WARS
First-ever global life cycle assessment of renewable energy future

Batteries included: A solar cell that stores its own power

Solar Ware Samurai PV Central Inverter achieves maximum efficiency of 99.01 percent

Ohio State researchers build rechargeable solar battery, a first

TRADE WARS
India nuclear plant guard kills three in shooting spree

Westinghouse Signs Eight Additional U.S. Nuclear Fuel Contracts

Ship with radioactive waste threatens North Sea rig

EU approves UK's first nuclear plant for a generation

TRADE WARS
Researchers Pump Up Oil Accumulation in Plant Leaves

Thermotolerant yeast can provide more climate-smart ethanol

Bioenergy: Australia's forgotten renewable energy source (so far)

Maverick Synfuels Introduces Maverick Oasis

TRADE WARS
China Successfully Orbits Experimental Satellite

China's first space lab in operation for over 1000 days

China Exclusive: Mars: China's next goal?

Astronauts eye China's future space station

TRADE WARS
Experts call for widening the debate on climate change

Climate detectives reveal handprint of human caused climate change in Australia

Greenland Ice Sheet's meltwater channels studied

Greenland Ice Sheet more vulnerable than previously thought




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.