Will Mobile Pay Be HUGE In 2024? #shorts

3 Jan 2024 · 1 min

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Mobile payments will keep growing in 2024, driven by "Pay at the Table" transactions that surged in 2023. But phone-only contactless payments still feel suspicious to many people, and it could take another one to two years before consumers fully accept them.

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I think mobile payments is going to continue to grow. It grew a lot. We saw Pay at the Table explode in 2023. We're going to continue to see that explode in 2024. I think we're going to see more different types of mobile payments besides paying on the phone. Like now you can tap on the phone. I still think consumers think that's a little shady. So I think that's going to take another year or two to catch on. Yeah, you know. Where people are just using the phone with no device. I think that's gonna take time, but I think—
For the consumer to adapt to, is your saying?
The consumer to say, "Okay, that's acceptable."