2016: Key Trends in Consumer Payments - New Market Research Report

From: Fast Market Research, Inc.
Published: Wed Apr 20 2016

The increased levels of innovation and interconnectivity in banking and payments have resulted in an ever-expanding range of transactional possibilities, and are notably triggering a rewiring of the entire commerce experience. Several trends will drive developments in consumer payments in 2016, including increased competition in the mobile wallets space, the rise of social commerce, and the issuance of more explicit rules and guidelines for online and mobile payment security. Payment providers will have to react by enhancing their propositions, keeping abreast of new standards, and exploring the opportunities social commerce presents.

Key Findings

* Strong emphasis will be placed on positioning mobile wallets as a mainstream alternative to cash and cards, with building merchant acceptance levels a top priority in the near term. Registration incentives, and usage rewards will be commonly used tactics to drive consumer uptake within the space.
* Regulators and industry standard-setting bodies will issue more explicit rules and guidelines for online and mobile payment security. The sharing of cyber security threat data between the government and businesses will form a crucial part of fraud prevention strategies going forward.
* Social media commerce will evolve from a concept to a reality over the next few years. 2016 will be a critical turning point for the space as it goes through the 'proof-of-concept' stage. Social media providers will ramp up their efforts to host a more streamlined and targeted shopping experience for both online and real world transactions.

Full Report Details at
- http://www.fastmr.com/prod/1152039_2016_key_trends_consumer.aspx?afid=301

2016: Key Trends in Consumer Payments informs key stakeholders across the payments ecosystem of the main developments emerging across the industry and how best to respond to these changes. Specifically the report examines developments across a number of areas from regulation, to product and service trends, and infrastructure development. It crucially draws on our 2015 Consumer Payments Insight Survey to provide fact-led insight, and reviews key developments tracked in our Consumer Payments Competitor Tracker.

Reasons to Get this Report

* Identify the most important trends that will affect consumer payments in 2016.
* Assess the impact of competitive, consumer, and technological developments on the consumer payments industry.
* Consider what actions need to be undertaken to exploit these trends and stay ahead of competitors.

Companies Mentioned in this Report: Apple, Samsung, Walmart, Target, Chase, Starbucks, WeChat, LINE, UnionPay, Android Pay, Alipay, Google, Sony, Getin Bank, Absa Bank, MasterCard, Visa, Nymi, FIDO Alliance, Paypal, Reserve Bank of India, Payment Association of South Africa, European Banking Authority, EC3, Europol, Barclays, National Cyber-Forensics and Training Alliance, Worldpay, Verifone, Facebook

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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