• 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

Report Shows Mobile Wallet Usage Rates will Continue to Rise Through 2020

March 22, 2019

Report Shows Mobile Wallet Usage Rates will Continue to Rise Through 2020

The growth of mobile wallets doesn’t look like it’s likely to slow down anytime soon. That’s according to new research from Germany’s yStats.com, which indicates that the usage rates for Apple Pay, Samsung Pay, and Google Pay will continue to rise through 2020.

Apple Pay was the most popular of the three, and is expected to keep that lead thanks to a rapidly growing user base that jumped from 252 million to 383 million between August and March, according to analyses from Loup Ventures. However, preferences vary depending on location. For instance, Samsung Pay had an edge in South Korea, while people in Russia and Turkey were more likely to rely on Google Pay when shopping online, yStats.com says.

All three payments platforms faced stiff competition in Asia thanks to the prevalence of local options like Alipay and Paytm. PayPal was the most popular in-store mobile wallet in the United States, though it only had a slight lead over Apple Pay, which is now supported by most major retailers and offers strong biometric authentication in the forms of Touch ID and Face ID.

Europe and North America offered the most support for mobile wallets, but there are still major growth opportunities in Africa and Latin America, which have largely been overlooked in the mobile wallet race. The three major players will likely spend more time in those regions as they continue to expand coverage for their respective platforms in the years to come.

Filed Under: Industry News Tagged With: Apple Pay, biometric authentication, digital wallets, Face ID, Google Pay, industry trends, mobile payments, mobile wallets, mPayments, PayPal, Samsung Pay, Touch ID

Related News & Articles

Safran Signals Commitment to Wearable Payments After Columbus School Pilot Project

The Number of FIDO Certified Products Grew by 200% in 2016

Apple Patent Details How Touch ID Could Become Panic Button

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

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

  • Onfido Explains How UK Privacy Bill Is ‘Positive Step’ In Global Patchwork
  • Greek Ministry of Digital Governance Delivers On Mobile ID Promise
  • Poll Results Show Android Users’ Surprising Biometric Preferences
  • New UK Border Control Scheme to Require Selfies From EU Visitors
  • IDnow Provides Onboarding Tech for Maritime Employment Service

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 © 2022 MobileIDWorld