Proximity mobile payments market size in the U.S. 2019-2020, with forecasts to 2025

This statistic gives information on the proximity mobile payment transaction value in the United States from 2018 to 2023, in billion U.S. dollars. In 2023, near-field-communications or other contactless technologies are projected to generate over 220 billion U.S. dollars in transaction value. As of 2018, about 25.3 percent of smartphone users in the United States were actively using proximity mobile payment services. Industry experts project mobile proximity payments to be amongst the most successful future mobile payment methods. Popular application areas are paying for transport and transit, as well as retail goods and services. According to a survey of digital payment users, the most common mobile in-store mobile payment method was barcode or QR code scanning and a further 12 percent had waved or tapped their mobile phone to pay at check out. Mobile wallet apps are used to facilitate mobile payments. PayPal, Google Wallet and Apple Pay are amongst the most popular digital wallet services according to users in the United States. A current example of mobile proximity payment usage is Starbucks. The coffee retailer allows customers to pay via mobile app by waving their phone at the checkout counter.