The use of mobile peer-to-peer (P2P) payment apps such as Venmo in the US will continue to grow by double digits through 2021.
Consumers aged 14 and older access apps more frequently on smartphones than tablets, with social media the top app type on both devices.
This infographic illustrates the mCommerce market, from rising regions, to average order value, to mobile coupon use and payments.
Mobile devices and other digital technologies continue to have a growing impact on retail, including in-store shopping.
Nearly three-quarters of mobile banking app users use a mobile payment app to pay a bill.
Internet users worldwide believe that smart home devices will have an effect on their lives.
By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually.
A majority (56%) of US smartphone owning adults have abandoned a mobile transaction.
Some 91% of US adult smartphone owners have heard of a mobile payment service such as PayPal, Google Wallet and Apple Pay.
Some 22% of mobile phone users surveyed in 2014 by the Federal Reserve report having made a mobile payment at some point during the prior 12 months, up from 17% the prior year.