• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Mastercard Study Points to Rise of mPayments

September 30, 2016

“Mastercard says that its study revealed that over 90 percent of consumers report using their smartphones more than any other devices…”

Mastercard has issued the results of its Impact of Innovation study, and they bode well for mobile payments.

Mastercard Study Points to Rise of mPaymentsConducted over the summer by IPSOS Research, the study collected online surveys from 23,000 bank account holders across Europe, the UK, Russia, the Middle East, and Africa. Respondents were in the 20 – 50 age range.

Mastercard says that its study revealed that over 90 percent of consumers report using their smartphones more than any other devices, and that in the Middle East and Africa, more than 70 percent said they were willing to make purchases with their smartphones. That number was lower in Western Europe, at only 38 percent, but those respondents nevertheless “chose their smartphone as an alternative to the plastic card,” according to a statement from the company.

Mastercard also asserted that consumers reported that they would “rather use biometrics than PIN codes when it comes to paying for things – saying they’d prefer fingerprint recognition,” though the company did not offer specific data supportng this claim.

It all points to the emergence of mobile payments as an important new way to pay as the traditional financial services industry undergoes its digital revolution.

Related News & Articles

Nokia and Telia Hit 2 Gbps During 5G Demo in Helsinki

SFIO Partnership Extends Global Reach of NeuroSky’s Health-tracking Wearables

NEC is Buying Denmark’s Largest IT Company

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • TSA to Expand MDL Pilot to Puerto Rico, Tennessee Airports
  • OECD Issues Draft Recommendation for Digital ID, Invites Comment
  • NordPass, Yahoo! Japan, and Regula Keep Up Mobile Biometrics Momentum
  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld