Tuesday, April 17, 2012

New report: The Future of Money in a Mobile Age

Tech experts say payment with mobile devices and cloud storage of financial information could be commonplace by 2020—although a number of potential hurdles and holdouts stand in the way
Is this email not displaying correctly?
View it in your browser.

Don't want to receive any more
emails? Unsubscribe.

imagining the internet

The Future of Money in a Mobile Age

Within the next decade, smart-device swiping will have gained mainstream acceptance as a method of payment and could largely replace cash and credit cards for most online and in-store purchases by smartphone and tablet owners, according to a new survey of technology experts and stakeholders.

Many of the people surveyed by Elon University’s Imagining the Internet Center and the Pew Research Center’s Internet & American Life Project said that the security, convenience and other benefits of “mobile wallet” systems will lead to widespread adoption of these technologies for everyday purchases by 2020.

Others—including some who are generally positive about the future of mobile payments—expect this process to unfold relatively slowly due to a combination of privacy fears, a desire for anonymous payments, demographic inertia, a lack of infrastructure to support widespread adoption, and resistance from those with a financial stake in the existing payment structure.

Read or download the full report: http://pewinternet.org/Reports/2012/Future-of-Money.aspx


Copyright © 2012 Pew Internet, All rights reserved.
You are receiving this email because you signed up for email alerts on our website.

Our mailing address is:
Pew Internet
1615 L St NW, Suite 700
Washington, DC 20036

Add us to your address book