Mobile payments – further information During a U.S. consumer survey in January 2017, it was found that 64 percent of adults in the United States had heard of and performed a mobile payment and 49 percent paid some bills via mobile. The ease of adding debit or credit cards to mobile wallets in order to make on-the-go payments has captured the attention of mobile consumers, although mobile payment usage rates are still low for day to day transactions. Consumer interest in mobile payment usage incentives in the United States also varies by generation – Millennials are especially keen on receiving rewards or discounts for using mobile payment apps. Almost half of the total survey respondents were also interested in using mobile payments in order to avoid paying overdraft or check cashing fees.
Mobile payment usage growth is closely linked to an increasing smartphone penetration – a fifth of respondents during a U.S. mobile payment user survey stated that they had started using mobile payments after acquiring a smartphone. Only 18 percent of smartphone users and 11 percent of tablet users in the United States accessed mobile payment apps on a weekly or even daily basis.
Worldwide mobile payment revenue in 2015 was 450 billion U.S. dollars and is expected to surpass 1 trillion U.S. dollars in 2019.