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Mobile Payments in the US Growing Fast, but Still Far from Mass Adoption

Fewer than 20% of smartphone users use proximity mobile payments this year

New York, NY (November 7, 2016) — Despite double-digit growth this year and next, Americans’ use of mobile wallets like Apple Pay, Android Pay and Samsung Pay, as well as branded apps that include mobile wallets like the Starbucks app, Walmart Pay and CVS Pay, will not reach mass adoption in the foreseeable future. This year, 38.4 million Americans 14 and over will have used their mobile phones to pay at the point of sale at least once in the preceding six months. That’s just 19.4% of US smartphone users. By 2020, that figure will grow to 33.1% of smartphone users.

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Douglas Clark
PR Manager, North America

Posted on November 7, 2016.