Lifestyle commerce reflects people on the go, making quick and frequent stops, for coffee or a snack as well as for the convenience of ordering meals for takeout or delivery. Mobile payment apps fit this buying model perfectly.
BOSTON (PRWEB) September 26, 2018
Mobile apps with integrated payment features are now mainstream ways for consumers to shop, order and pay for almost any product or service. The emergence of mobile significantly impacts the value chain of payments from merchant acquirers to card networks/issuers to merchants. A new research report from Mercator Advisory Group, U.S. Mobile Payments Market Forecast, 2016–2025: Merchants Grow as Mobile Goes Mainstream, discusses the developing segments of the mobile pay landscape and how consumer behavior is impacting various players. Additionally, the report presents Mercator’s mobile payments market data forecast.
“Consumers are in the driver’s seat related to deciding when, where, and how to buy from merchants. Lifestyle commerce reflects people on the go, making quick and frequent stops, for coffee or a snack as well as for the convenience of ordering meals for takeout or delivery. Mobile payment apps fit this buying model perfectly, and we should expect more vertical retail markets to meet these trending consumer patterns,” commented Raymond Pucci, Director, Merchant Services at Mercator Advisory Group, and author of this report.
Highlights of this research report include:
- Digital shopping and mobile payments dynamics
- Opportunities and challenges impacting mobile payments
- U.S. mobile payment ecosystem
- Mercator mobile payment market data forecast
- Vertical market mobile pay growth prospects
This report is 20 pages long and has 9 exhibits.
Companies mentioned in this report: Alipay, Amazon, Apple, Best Buy, CardFree, Citi, CVS Health, Facebook, Google, Grubhub, JP Morgan Chase, Kohl’s, LevelUp, Mastercard, PayPal, Samsung, Shell, Starbucks, Target, Visa, Walmart, and WeChat.
Members of Mercator Advisory Group’s Merchant Services continuous advisory service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.