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Article: Mobile Payments Eventually May Replace Card Use, But Not In The Near Term.(Debit News)
- Article from:
- ATM & Debit News
- Article date:
- July 30, 2009
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Byline: Will Hernandez
Recent growth in partnerships involving mobile-banking technology companies, payment card networks and financial institutions signals that each wants to advance mobile payments into mainstream use, observers say.
And consumers are becoming more comfortable with mobile payments and with mobile banking, especially those ages 18 to 25, recent survey data suggest.
Overall, mobile-payments adoption this year has increased to 8% of 1,100 U.S. consumers surveyed compared with 5% in 2008, according to survey results released last week by consulting firm Mercatus LLC. Such payments might involve mobile person to person funds ...