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How Mercado Pago Is Reshaping Mobile Payments in Latin America

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

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

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

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

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.

Canada Mobile Payment Users 2019

Canada Mobile Payment Users 2019

Oct 24, 2019

Canada is classified as a “high-adoption” country in our global mobile payments forecast.

Germany Mobile Payment Users 2019

Germany Mobile Payment Users 2019

Oct 24, 2019

Less than 13% of smartphone users in Germany will use proximity mobile payments this year—one of the lowest rates in Europe. User numbers will increase slowly, but privacy concerns and the popularity of cash and card payments will curtail adoption.

US Mobile Payment Users 2019

US Mobile Payment Users 2019

Oct 24, 2019

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.

Latin America Mobile Payment Users 2019

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.