Global Mobile Payment Market to See Explosive Growth
Summary
In practice, both merchant acceptance rates and consumer usage of mobile payments vary widely between the regions and countries worldwide.In China and South Korea, the share of consumers who already have experience with mobile payments in-store or online is more than double of that of the USA or Canada in 2014.Over 70% of people in China already using mobile payments said security is most important to them, while in the USA merchants trading through M-Commerce report the highest rate of revenue losses to fraud compared to other channels.Over 70% of people in China already using mobile payments said security is most important to them, while in the USA merchants trading through M-Commerce report the highest rate of revenue losses to fraud compared to other channels.Similarly, consumers surveyed in other countries across the globe, such as Germany, Brazil and South Africa, reported security of payment transaction and personal data to be the leading factors for them in mobile payments.For further information, see:http://ystats.com/uploads/report_abstracts/1141.pdfPress Contact:yStats.com GmbH & Co. KGBehringstrasse 28a, D-22765 HamburgPhone: +49 (0)40 - 39 90 68 50Fax: +49 (0)40 - 39 90 68 51E-Mail: press@ystats.comInternet: www.ystats.comTwitter: www.twitter.com/ystatsLinkedIn: www.linkedin.com/company/ystatsFacebook: www.facebook.com/ystatsAbout yStats.comHeadquartered in Hamburg, Germany, the firm has a strong international focus and is specialized in secondary market research.