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Mobile Takes 25% Chunk of Online Transactions

Mobile payments now account for over a quarter of online transactions, accelerated by the global growth of mobile payments at the end of 2014.

Adyen’s recent Mobile Payment Index report found that in Q4 of 2014, 25.8% of global online transactions took place on a mobile device, which is 11% higher than Q3 2014, and 37% higher than Q4 2013. December showed the highest proportion of mobile payments at 26.6%, followed closely by November at 26.1%.

This end-of-year spike suggests that shoppers are more likely to make purchases on mobile as the global peak shopping period hits in November (Single’s Day in China, Black Friday and Cyber Monday in the US and globally), and December (the Christmas shopping period).

“Across all industries including retail, gaming, ticketing, and of course digital goods, we see the emergence of successful businesses offering a mobile-only experience,” said Roelant Prins, Adyen’s CCO. “For many companies, mobile is now the primary sales channel, rather than simply a key sales channel, aided by the accelerated growth of mobile payments globally in the last quarter of 2014. A ‘mobile-first’ strategy is becoming a reality for more businesses as we move into Q1 2015.”

In the battle of the brands, the iPad maintained a slight lead with 34% of mobile transactions, with the iPhone at 32.3%, and Android phones at 25.3%t. This is dramatically different from one year earlier in Q4 2013, when more than 40% of mobile transactions were on iPad, compared to 32%on iPhone, and just 20% on Android phones.

If the current trends persist, Android may surpass the iPhone and iPad in the latter half of this year and the iPad is likely to lose its lead over the iPhone in the near future, the report said.

Smartphones continued to pull away from tablets as the preferred mobile device, with 58% of mobile transactions made on smartphones and 42% on tablets. This continues the trend from previous quarters – in Q4 2013, the split was approximately 53% on smartphone versus 47% on tablet. This surge correlates with a global trend toward larger screens on smartphones.

However, tablet transaction volume is still growing overall, with 10.8% of global online transactions in Q4 on tablet compared to 10% in Q3.

Source: www.mobilepaymentsinsider.com

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