Germany-based research firm yStats.com has released a new report on the drivers and barriers to mobile payments. The publication “Global Mobile Payment Methods: First Half 2016” also provides information on recent mobile payment innovations throughout the globe. Read more here: https://www.ystats.com/convenience-and-speed-drive-the-growth-of-mobile-payments-new-report-by-ystats-com-reveals/ Find the report here: https://www.ystats.com/product/global-mobile-payment-methods-first-half-2016/

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PRESS RELEASE
Hamburg, October 04th
, 2016
Smartphone users are dialing in mobile payments for convenience and
speed, according to yStats.com report
Germany-based research firm yStats.com has released a new report on the drivers and barriers to mobile payments.
The publication “Global Mobile Payment Methods: First Half 2016” also provides information on recent mobile payment
innovations throughout the globe.
The highest value and numbers of usage of mobile payments is for online shopping, but the use of mobile payment in-store is
growing; over a billion proximity mobile payment customers are expected globally in the next 3 years. Expansions and product launches
leading this trend include Samsung Pay in Brazil, Android Pay in the UK and Walmart Pay in the USA. Still, surveys cited in the yStats.com
report show that many shoppers are reluctant to use mobile payments because of concerns about security or simply not seeing an
advantage to their use.
The convenience and quickness of mobile payments seem to be the main positive features enjoyed by those who have made
the move to their use, according to the yStats.com report. South Korea is one of the leading markets in penetration of mobile payments.
Surveyed users there cited convenience as the main reason for use, with speed as a second motivation. In the USA and Western Europe
mobile shoppers show a preference for even faster, one-click checkout by having their payment details saved.
For further information, see: https://www.ystats.com/wp-content/uploads/2016/10/20161004_Product-Brochure-Order-Form_Global-Mobile-
Payment-Methods_First-Half-20161.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing
the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of
expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of
related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports,
we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including
Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C
E-Commerce and Online Payment.