This Mobile Payment Infographic Dispels American Tech Fears
Romina S. Cortellucci — July 23, 2012 — Business
References: payments.intuit & visualnews
In this Mobile Payment Infographic, you can learn why the fears and anxieties of Americans are out of place. The chart was created by the online small business news and resources Intuit, which believes that America is lagging behind on the times globally due to the lack of mobile payment options. The chart presents six myths that are preventing Americans from ubiquitously adopting mobile payments and dispels them to show how mobile payment is making the lives of consumers and business owners easier.
Many of the fears Americans have about mobile payments revolve around security, fees and the complexity of setting it up. However, with over half of Americans using smartphones it is only a matter of time before people begin to embrace this new mode of payment.
Many of the fears Americans have about mobile payments revolve around security, fees and the complexity of setting it up. However, with over half of Americans using smartphones it is only a matter of time before people begin to embrace this new mode of payment.
Trend Themes
1. Mobile Payment Adoption - As Americans become increasingly reliant on smartphones, there will be an increased demand for easy-to-use mobile payment options.
2. Myth Dispelling Infographics - Businesses can utilize infographics to educate consumers and dispel myths that may be preventing widespread adoption of new technologies.
3. Global Technology Trends - As America lags behind in mobile payment adoption, there is an opportunity to learn from and implement successful mobile payment strategies from other parts of the world.
Industry Implications
1. Mobile Payment Providers - Mobile payment providers have an opportunity to capitalize on the growing demand for simple and secure payment options for smartphone users.
2. Small Business Tech Consultants - As mobile payment adoption grows, small business tech consultants can help businesses navigate the process of implementing and optimizing mobile payment solutions.
3. Financial Technology (fintech) Companies - Fintech companies have an opportunity to disrupt traditional banking systems by providing innovative and flexible mobile payment solutions that cater to the needs of consumers and businesses.
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