article thumbnail

How Mobile Payments Are Taking Over eCommerce

Groove

The new way of purchasing goods and services is through Mobile Payments whether you are shopping online or in-store. As millions of users start to use mobile payments each year, it is projected that 4.8 billion people will be completing transactions through mobile payments by 2025. What Are Mobile Payments?

article thumbnail

Where Payment Processing Systems Are Headed In 2020

RTP blog

For example, biometric identity verification is becoming more commonplace. trillion biometrically secured transactions will take place annually via mobile devices. Mobile Payments On The Rise Already, 29% of American consumers would be content to pay with their smartphones all the time. their payments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

Take digital commerce, for example. Some estimates project that global ecommerce sales will reach $4 trillion by the year 2020. Mobile payments are also making an increasing impact. This shift to mobile is pushed along with the ever expanding list of payments-enabled devices. trillion worldwide.

article thumbnail

Digital Wallets: What’s Good for the Payments Industry is Good for Retailers…Right?

Retail TouchPoints

As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact.

article thumbnail

Retail Tech to Make Shoppers Fall in Love with Your Store

iVend

Payment options – Frictionless checkout means making the payment process as smooth as possible and giving customers a range of ways to pay. The trend continues, with contactless payment options still a driving force – whether by tap and go credit card, mobile payments such as Apple Pay and Google Pay, or wearable payment tech.

article thumbnail

Kroger Doubles Ship Assortment Via 3rd-Party Marketplace

Retail TouchPoints

For Kroger , the expansion of its Ship e-Commerce assortment through a third-party marketplace is the latest example. NFC uses a radio frequency field to transmit data between a mobile device and PIN pad, eliminating physical contact.

article thumbnail

Top retail technology trends to look out for in 2024

iVend

Payment options – Frictionless checkout means making the payment process as smooth as possible and giving customers a range of ways to pay. The trend continues, with contactless payment options still a driving force – whether by tap and go credit card, mobile payments such as Apple Pay and Google Pay, or wearable payment tech.