Proximity mobile payments are on a growth tear, driven by strong spend per user. Here’s how providers are using wallet integration and new features to make proximity payments stickier.
US proximity mobile payment transaction value is booming, as Apple, Google, and Samsung race to add wallet features that make paying via mobile wallet stickier. Payment providers will play a key role in developing features that put consumers’ commerce in one place.
Key Question: What factors are driving mobile proximity payment growth generally and among key wallet players?
Key Stat: Mobile wallets are becoming an in-store retail staple. US point-of-sale (POS) transactions made via these wallets will pass the $1 trillion milestone in 2027, per our forecast, with about half of smartphone users making these payments the following year.
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Table of Contents
Executive Summary
Mobile proximity payments are entering the mainstream
Per-user mobile proximity spend will grow as users adopt digital wallet features
Apple Pay leads on engagement and features—but regulation looms
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