New research has shown that the number of airlines accepting mobile payments has risen from 10 per cent in 2012 to 25 per cent in 2013.
The study undertaken by WorldPay among 56 airlines found that mobile payments are now a ‘key area of focus’, with over half (57 per cent) of airlines saying mobile has the greatest potential to drive revenue for them over the next couple of years.
The research also shows that 32 per cent of airlines are planning to offer mobile payments within the next two years and that e-wallets and online bank transfers are also in line for development for 29 per cent.
Mike Parkinson, airlines vice president at WorldPay, commented: “Over the next two years we can expect to see significant developments in this space, with new innovations in the ways consumers purchase tickets and services via mobile devices from airlines.
‘In the future, services offered via a mobile device will become inherent to the airline experience from booking to check-in.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
