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Factors Driving Customer Adoption of Mobile Payments [payCLT Event in Charlotte]

As the series of payCLT events in Charlotte continue to roll out, another one was held on March 4, which covered adoption of mobile payments adoption, a discussion led by Chuck Winter of North Highland.

The use of traditional payment methods – cash, checks and credit cards – are on the decline. By 2017, alternative payments will account for 59% of all transaction methods. Important insights on the shift in mobile payments were shared during the event, emphasizing the decline of traditional payment methods and factors contributing to the adoption of mobile payments.

The card payment market share (including debit and credit) is projected to decline from 57% in 2012 to 41% in 2017. Alternative payment methods like e-wallets and CurrentC ...

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