FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

JJ HornblassbyJJ Hornblass
October 30, 2014
in Banking, Payments
Reading Time: 1 min read
0
Share on Facebook

© Can Stock Photo Inc. / tanatatThe percentage of the consumers who make daily mobile payments has quadrupled since 2012, according to new data.

Yes, you read that right– quadrupled.

According to the Accenture data, 4% of the world’s consumers are currently making daily mobile payments. In 2012, just 1% of consumers did so.

Sure it is off a small base, but this growth rate far eclipses those for consumers who use mobile payments with less frequency. Overall, 40% of the world’s consumers “use [their] phone as a payment device to make a payment at a merchant location,” an increase from 16% in 2012. That’s a 2.5x increase.

What this means is a population of harder-than-hardcore payments users are starting to emerge. These are users who are making payments with their mobile device all the time, not just once in a while. And this is despite what Accenture calls “a large gap in consumers’ understanding”:

There is also a large gap in consumers’ understanding of whether or not their smartphone can even conduct mobile payments. Eighty-seven percent of customers regularly use a smartphone, and yet 41 percent of consumers do not think their phone is equipped with mobile payments technology. This presents a marketing opportunity for payments providers.

Indeed. Just wait until they start making daily mobile payments. And you thought they were a bunch of nincompoops over there at Apple.

Tags: AccentureAppleApple PayBlockchainmobile payments
Previous Post

Two More Things London Needs To Become Fintech Capital of the World

Next Post

Square, Venmo ‘Simpler’ Than Banks

Related Posts

agentic
Banking

Glia launches 25 AI agents for customer service

August 12, 2026
Courtesy/Canva
Banking

Northrim Bank taps Narmi for AI-powered digital banking

August 12, 2026
Banking

Kiro Money develops AI financial guidance tool with credit union

August 11, 2026
Next Post

Square, Venmo 'Simpler' Than Banks

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account