M-wallet usage to increase to over 40% of smartphone users by 2017-report

Monday 13 January 2014 10:07 CET | News

Over 40 million US consumers, or 20% of all smartphone users, used at least one mobile proximity or mobile e-commerce wallet in 2013, and usage will increase to nearly 113 million, or 43% of all smartphone users, by 2017, a recent study has revealed.

According to Parks Associates, a market research and consulting company specialising in emerging consumer technology products and services, mobile wallet usage will increase to over 40% of smartphone users by 2017.

The research from Parks Associates showed almost 50% of holiday consumer electronic shoppers in 2013 planned to use their smartphones while shopping. Among consumer electronic shoppers, 35% planned to use their smartphones to look up product information, while 31% planned to use mobile apps for holiday shopping.

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Keywords: mobile wallet usage, m-wallet, report, mobile e-commerce wallet, US
Categories: Payments & Commerce
Countries: World
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