X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
mobile payment

Industry experts agree that after years of discussion and much speculation the mobile payments market is finally taking off. In fact, according to eMarketer.com, the U.S. market is expected to triple this year to $27.05 billion, up from $8.71 billion in 2015. And the research firm reported that the number of people making proximity payments will increase by 61.8% to more than 37.5 million. Consider also a recent Gartner, Inc. report that predicted by 2017, mobile commerce revenue in the U.S. will account for 50% of all U.S. digital commerce revenue.   

“While consumers and merchants have been relatively slow to adopt mobile payments until now, we are starting to see the numbers tick upward,” Amanda Smith, strategic product architect for CO-OP Financial Services said. “So 2016 may just be a breakout year for the technology.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.