Mobile apps with integrated payment features are now mainstream ways for consumers to shop, order and pay for almost any product or service. The emergence of mobile significantly impacts the value chain of payments from merchant acquirers to card networks/issuers to merchants. A new research report from Mercator Advisory Group, U.S. Mobile Payments Market Forecast, 2016–2025: Merchants Grow as Mobile Goes Mainstream, discusses the developing segments of the mobile pay landscape and how consumer behavior is impacting various players. Additionally, the report presents Mercator’s mobile payments market data forecast.
“Consumers are in the driver’s seat related to deciding when, where, and how to buy from merchants. Lifestyle commerce reflects people on the go, making quick and frequent stops, for coffee or a snack as well as for the convenience of ordering meals for takeout or delivery. Mobile payment apps fit this buying model perfectly, and we should expect more vertical retail markets to meet these trending consumer patterns,” commented Raymond Pucci, Director, Merchant Services at Mercator Advisory Group, and author of this report.
This report is 20 pages long and has 9 exhibits.
Companies mentioned in this report: Alipay, Amazon, Apple, Best Buy, CardFree, Citi, CVS Health, Facebook, Google, Grubhub, JP Morgan Chase, Kohl’s, LevelUp, Mastercard, PayPal, Samsung, Shell, Starbucks, Target, Visa, Walmart, and WeChat.