U.S. Proximity Mobile Payments Transaction Value

U.S. Proximity Mobile Payments Transaction Value

Proof Point

Proximity mobile payments expected to become more pervasive in the U.S., reaching $190 billion in value by 2021

U.S. Proximity Mobile Payments Transaction Value

2014 – 2021F (US$ billions)

Note: Proximity mobile payments are defined as point-of-sale transactions that use mobile phones as payment method, either via tapping, waving or similar functionality; values shown above exclude transactions made via tablets

Proof Point Findings

  • Proximity Mobile Payments – Point-of-sales transactions completed by waving or tapping mobile phones against electronic devices or readers
  • Exponential Growth – Expected to rise dramatically from $3.7 billion in 2014 to $190 billion in 2021, increasing at an annual rate of 75%
  • Key Growth Drivers – Include continuous adoption of mobile wallets (e.g. Apple Pay, Android Pay, and Samsung Pay) growth in number of merchants accepting mobile payments, and improving proximity payments technology

Market Disruption


Financial Services, Wholesale and Retail Trade


Date Last Updated

March 2, 2018

Leave a comment