BACK

Research and Statistics

Infographic: Buying by mobile phone hits critical mass

Summary

Mobile payments made some headway toward the mainstream in 2012, according to research from IDC Financial Insights

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Mobile payments made some headway toward becoming a mainstream way to buy stuff in 2012, according to research from IDC Financial Insights. In its Consumer Payment Survey, conducted in May 2012, the research firm measured a big jump between 2011 and 2012 in the percentage of respondents who said they used a mobile phone to make a purchase.

The umbrella term “mobile payments” encompasses a variety of payment methods, including apps (such as mobile wallets), mobile browsers, contactless technology (such as near field communication ) and text. Although all methods were about equally popular among the survey’s respondents, mobile apps took a slight lead, with almost 50 percent of respondents saying they’d used them to make a payment.

The charts below show the significant leap in popularity in mobile payments as a whole. In 2011, just over 19 percent of the more than 2,500 survey respondents said they’d used a mobile phone to make a purchase. By May 2012, that percentage rose to nearly 34 percent.

Buying by mobile phone hits critical mass
See related:Survey: Fear keeps consumers from making mobile payments

To use the graphic on your site, use the following code:

 <center><a href=”https://www.creditcards.com/credit-card-news/infographic-buying-by-mobile-phone-hits-critical-mass-1701/”><img alt=”CreditCards.com infographic: mobile payments hit critical mass” border=”0″ src=”https://www.creditcards.com/credit-card-news/images/infographic-buying-by-smartphone-2.jpg” /></a> </center>

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Research and Statistics

States limit welfare, food stamp debit cards to ban ‘sin’ purchases

Prodded by abuses, states pass laws preventing food stamp and welfare debit cards from being used to buy tobacco, alcohol, lottery tickets and porn

See more stories
Credit Card Rate Report Updated: July 2nd, 2020
Business
13.91%
Airline
15.48%
Cash Back
16.09%
Reward
15.82%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.