Mobile Payment Adoption on the Rise, Study Finds

A recent study conducted by researchers at the University of California San Diego has found that mobile payment adoption is on the rise. The study, entitled “Determining Mobile Payment Adoption: A Systematic Literature Search and Bibliometric Analysis”, examined existing literature and bibliometric data to assess current trends in mobile payment adoption. The research team found that mobile payments are becoming increasingly popular around the world. They noted that there has been a significant increase in the number of people using mobile payments since 2017, with more than half of all consumers now using them for everyday purchases. Additionally, they found that most users prefer to use their phones for online shopping rather than traditional methods such as cash or credit cards. The researchers also identified several factors that have contributed to this growth in mobile payment adoption. These include increased convenience and security offered by these services, as well as improved user experience due to advances in technology. Additionally, they highlighted how governments and businesses have been encouraging customers to use digital payments through incentives such as discounts or rewards programs. The study concluded by noting that while there is still room for improvement when it comes to mobile payment adoption, it is clear that this trend is here to stay and will continue to grow in popularity over time. This could lead to a more secure and efficient way of making transactions across different platforms, which could benefit both consumers and businesses alike.