Payments - US - October 2014
“The payments world is rapidly changing as technology designed to make paying for merchandise easier is introduced every day. However, the challenge to the industry remains the same as it has always been: are consumers really looking to buy what the payments industry is trying to sell?”
- Robyn Kaiserman, Financial Services Analyst
This report answers the following questions:
- Can banks compete in the mobile payment space?
- What is holding mobile payments back?
- Prepaid cards most prevalent among Blacks and Hispanics.
- Convenience is key.
- Interest in mobile apps is limited.
- Credit cards still have a place.
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