The fastest-growing companies are also the most likely to accept mobile payments
Analysis of over 300 businesses shows that those that report the fastest growth in revenue in profit are more likely to have embraced mobile and in-app payments than businesses that report little or no growth. Consumers indicate they want mobile payment options, and will go elsewhere if such payment options aren’t available.
Online and mobile payments boost growth from cross-border sales
Consumers in emerging markets are twice as likely as those in the developed world to use mobile payments for travel, entertainment, gaming, appliances, and clothing. When looking to expand internationally, merchants need to embrace mobile payments as a key success factor.
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Businesses must do more to address their customers’ security concerns
More than half of consumers worldwide believe that mobile wallets are less secure than cash. But encryption, tokenization and authentication technology actually make mobile payments much safer than other payment forms. To be successful, merchants must educate their consumers and earn their trust.
Is your online business ready for the future of money?
Consumers are more ready to move away from cash to new forms of payment than many business realize. Mobile payments will continue to grow in the coming years, driven by consumers’ increasing dependence on their phones and tablets. Is your business ready?