US may need to mimic the UK to find success in mobile payments
|UK shows that success in the mobile commerce space is quite possible
The United Kingdom may be leading the United States when it comes to mobile payments. The latest statistics coming from the UK Cards Association show that one in 10 card transactions are now made through mobile devices using contactless systems. This has grown considerably over what it had been in the last year. In the U.S., mobile payments are still fighting to find a foothold among consumers for various reasons. If companies operating in the mobile commerce space want to ensure success in the country, they may have to look elsewhere for inspiration.
Apple Pay is fighting for a foothold in the United States
In the U.S., consumers are interested in mobile commerce, but relatively few participate in this space. Apple Pay, one of the country’s more popular mobile payments services, has found only modest success, with only 3.5% of mobile transactions actually being completed through the platform. This is actually lower than the transactions that Apple Pay accounted for in March of 2015, which stood at 5.9%. Fewer people are now using Apple Pay than in the past and this is a trend that is being seen with other mobile payments services as well.
Ubiquity may be the key to success
Mobile commerce is growing in Australia and Canada at well
The UK is not the only country where mobile commerce is flourishing, of course. Both Australia and Canada have rapidly growing mobile commerce markets, which are becoming more competitive with what has already been established in the U.S. While mobile payments are having trouble finding momentum in the U.S., the market is still quite attractive to companies that want to provide consumers with new mobile services. There may need to be a greater focus on ubiquity in order to ensure future success, however.