This infographic, presented by SapientNitro, takes a look at how mobile payments have involved, why and most importantly what that means for banks.
This infographic is a snapshot look at the mobile industry and explores who the key players are, how their technology works and who uses them.
In the constantly changing world of commerce, innovation is not a fad but a necessity to address new consumer behaviours and purchasing experiences resulting from globalization and new technologies. It is required to continue to help merchants adapt to changing interactions with their customers, whatever the channel or service.
The number of consumers using a mobile device, including a smartphone and a tablet, to make payments has tripled in the last year, according to a new study from Visa.
The exponential growth of online commerce and the corresponding explosion of payment technology have led to a fragmented market, making way for development of solutions for every need on the global market. However, while this evolution makes for a sophisticated payment ecosystem, there are still several barriers to overcome, says Christoph Tutsch, founder and CEO of ONPEX.