We know the adoption of smartphones, tablets, etc. have changed the way we do business. A recent survey from KPMG interviewed nearly 1,000 executives in primarily the financial services, technology, telecommunications, and retail industries. The survey found that executives believe the use of a mobile phone or device to make payments or conduct banking transactions will require four years to become widely accepted by consumers.
Industries globally found that 83% of the respondents believe mobile payments will be mainstream within four years, compared to only 9% who see them as mainstream today. In fact, 46% believe mobile payments will be mainstream within two years.
What do you think about this prediction – is it Hype (mobile payments won’t be mainstream within four years), or Ripe (you agree that mobile payments will be mainstream within four years)?