Infographic: Mobile Payment Statistics

Mobile Payments: Rebirth of the Credit Card

As consumers continue to shift their lives toward mobile phones, our new infographic illustrates key facts and figures behind the trend toward mobile payments.

Shoppers continue to shift away from cash, local retailers and big box superstores and toward credit cards, online shopping, and mobile phones.

As most Americans now have a mobile phone, consumers will start to expect and demand instant access to banking and stores. For small banks and business owners, this is both a challenge and opportunity.

The infographic above also explores the ‘showrooming’ trend, where shoppers visit a brick and mortar store to see an item, but ultimately buy it from an online retailer—usually with the help of a smartphone.

“The good news: shoppers continue to visit retailers. The bad news: a growing segment is price comparing on their mobile phones and buying elsewhere,” says Charles Tran. “This is unsustainable for big box retailers. As more and more consumers become savvy, the tipping point will be reached where big box retailers go the way of the local video rental store.”

How has your mobile phone impact your shopping habits?

For mobile banking, check out the Chase Mobile App. No more driving and waiting in line at the bank to deposit a check. You simply take a picture of the front and back of the endorsed check using the app (Apple / Android).

h/t Consumer Research Section of the Federal Reserve Board's Division of Consumer and Community Affairs (DCCA) for a great report on Consumers and Mobile Financial Services.

(Research by Andrew; Graphic Design by Boris)

Andrew Green is a contributing writer at CreditDonkey, a credit card comparison and reviews website. Write to Andrew Green at Follow us on Twitter and Facebook for our latest posts.

Articles on Infographic: Mobile Payment Statistics

How much of your shopping is done with mobile devices?

Mobile Wallet Statistics

When it comes to the shopping preferences of U.S. consumers, reports on the deaths of PCs and brick & mortar stores have been greatly exaggerated, says a new survey by
Leave a comment about Infographic: Mobile Payment Statistics?

Stay informed with free money-saving tips, deals, and reviews from CreditDonkey.

About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.