Despite the fact that consumer awareness of mobile wallets like Apple Pay and Samsung Pay is growing all the time, the use of mobile payment solutions in the United States and Canada has so far been low. In fact, in both markets mobile payments account for only 3 percent of all transactions. While the two payment landscapes are very different, there are similar reasons why the result has been largely the same. By the same token, there are also common factors that could see mobile payments explode in both markets sooner rather than later. Contrasting payment landscapes The Canadian market… [Continue Reading]
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