The future of money: Smartphone swiping in the mobile age
The report predicts that by 2020, most people will use smart-device swiping for purchases, reducing the need for cash or credit cards, though some skepticism remains regarding security and privacy.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
elon university’s imagining the internet center |
| Authors: | Janna Quitney Anderson, Lee Rainie, Aaron Smith |
| Time horizon: | 2020 |
| Geographic focus: | Global |
Methods
The research method involved an online survey targeting technology experts and stakeholders, presenting them with “tension pairs” of predictive scenarios about the future of mobile payments and asking for their expectations and detailed elaborations on the topic.
(Generated with the help of GPT-4)
Key Insights
The research explores the future of financial transactions, predicting a shift towards smart-device swiping by 2020. It discusses the current trends in mobile banking and payments, the role of technology firms, the potential benefits and drawbacks of mobile wallets, and the divided opinions of experts on the pace of adoption due to security concerns, infrastructure challenges, and generational differences.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020 time horizon | 2020s time horizon | English publication language | Global geographic scope | consumer behavior | digital wallets | financial transactions | forecasting | ict | m-payment | market infrastructure | mobile banking | mobile payment | mobile payments | mpayment | near-field communication | scenarios | security concerns | smart-device swiping | smartphones | technology adoption