By 2026, nearly 30% of US consumers’ average retail spending (excluding food and beverage sales and ticketing) will be made using proximity mobile payments, as providers look to build on the pandemic-driven adoption of the technology.
After proximity mobile payment adoption and engagement skyrocketed during the pandemic, providers are now tasked with finding new avenues for growth. Going forward, they will need to seek new users, reach last holdouts, and convince all users to engage further and more broadly with mobile wallets.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
How are US proximity mobile payment users and value forecast to change through 2026?
How are market dynamics, consumer behavior trends, and other factors impacting providers’ revenues, competitive positioning, and performance?
In what ways can key providers tap into growth to attract new users and boost engagement?
WHAT’S IN THIS REPORT? We evaluate the key factors driving US proximity mobile payment user and spending growth, discuss best practices providers can embrace to capture this growth, identify the leading wallets in the space, and showcase their market and competitive positioning.
KEY STAT: Per-user proximity mobile spending will nearly double to reach $7,827 in 2026, as customers shift more dollars toward mobile wallets and away from other payment methods.
Here’s what’s in the full report
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8charts
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4expert perspectives
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Table of Contents
Executive Summary
Key Points
Proximity Mobile Wallets Set Out to Maintain Growth
Factors Influencing Proximity Mobile Payment Users
Factors Influencing Proximity Mobile Payment Spending
Senior Vice President, General Manager, Venmo; Head of Checkout
Interviewed April 25, 2022
Claire Gates
PPRO
Chief Commercial Officer
Interviewed April 21, 2022
Arnold Goldberg
Google
Vice President and General Manager, Payments, Next Billion Users
Interviewed May 3, 2022
Rob White
Samsung Electronics America
US Lead, Samsung Wallet
Interviewed May 3, 2022
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