The A, B, Cs of Payments 2015

From PYMNTS.com –

“Well, here we are – just a few short weeks before 2015 is one for the history books. What a year it’s been.

In many ways, 2015 was the year in which everything – and nothing — about payments changed. Plastic cards, checks – and yes, even cash – still define how payments are made among people and businesses. This is despite the billions of dollars and manhours dedicated to launching a seemingly endless array of new innovations intended to change that.

That’s why 2015 might be one of the most important years in payments and commerce history yet. It was a year in which important lessons were learned about what the future of payments might look like, where we got a better sense of what real problems need to be solved and for whom, what enabling technologies might help us do that, and who might lead the way.”

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Only 1 in 5 people who have Apple Pay actually use it, survey shows

From Tech Insider –

“Only about one in five people who have phones with Apple Pay, the year-old mobile payments service from Apple, actually use it. That's according to a new survey from Trustev, a company that helps retailers and banks prevent online fraud.

And only about 1 in 7 people who can use Samsung Pay or Android Pay, "mobile wallets" that work on some Android phones, have tried them, according to the survey.”

Check out the full survey>>

 

The 'Pay' model is strong, but banks are still in play

From Mobile Payments Today –

“Apple Pay registered some impressive figures when it launched in the U.S. in 2014. It seems, though, that adoption has slowed, as more devices go unregistered and the initial hype dies down.

An ongoing survey conducted by InfoScout in cooperation with PYMNTS.com shows the number of eligible Apple Pay users who tried the service dropped from 15.1 percent in March to 13.1 percent in June. The victory, though, is the impact on the market. Apple has done an exceptional job in bringing mobile contactless payments into the mainstream, paving the way for Samsung, Google and the banks.

Samsung Pay has been live in Korea since August 20 and has picked up around 500,000 users. This statistic should grow following launch in the U.S. at the end of September and not least because the platform can make payments with both contactless and mag stripe terminals. On top of this, Google launched Android Pay on September 10. We're yet to see any adoption figures here but the land-grab is certainly going to be interesting. Indeed, the advertising war has already commenced!”

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