Mobile Payments Voted Most Likely To Replace Cards In Community Poll

Credit Card Payments Set to be replaced by mobile payments in community poll

Mobile payments have been voted most likely to replace card payments in our community poll on LinkedIn.

Last month we ran a Poll on our Total Payments group on LinkedIn, here we put forth the question of "what alternative payment method do you think will replace the credit/debit card as the most popular method of payment acceptance in stores?"

Out of the options of Mobile Payments, NFC Payments, Prepaid Cards, mPOS devices or ‘something else', our community voted nearly unanimously that Mobile Payment platforms would be the de facto replacement for plastic payments.

Mobile Payments received 52 per cent of our community vote, with NFC coming in with 28 per cent. Many (10 per cent%) also felt that something else would come along, thus being a more likely contender than both prepaid cards and mPOS devices – which both received 4 per cent of the vote.

We then turned to our community to ask for their thoughts on the matter.

Frank Svatousek left his two cents, saying: "I wouldn’t say that plastic cards will entirely be replaced with phones. There are still people who don’t even carry a mobile phone or have internet connectivity. Older generations may resist adoption so Financial Institutions will have to cater to those laggard market segments for some time to come."

Emre Talay provided his thoughts by saying: "Mobile payments is an alternative for consumers. In market usage of mobile payment will increase when the plasctic [sic] card’s usage decrease. But it will never replaced."

Greg Walter chimed in with his well reasoned opinion on the matter, saying: "With today’s technologies, it is possible to transact online without card information being shared between buyers and sellers. PayPal, iTunes, Qpay and payment aggregators do this already. Innovative payment forms also do this in the over-the-counter real wold [sic]. The effective removal of card information from the over-the-counter transaction only requires three things – user id (PIN or biometric), user name and card nickname.

"I believe the mobile phone will be the likely device to store usernames and to initiate these transactions. Until this is universal, then card data will still be shared and cards will still be around but declining."

Jean-Michel Bourin points out that "Mobile Payments and NFC will take a share of the payments (they already do), they will not “replace” the credit/debit cards. These cards will still be around in your purse 10 years from now.

"Credit/debit card PAYMENTS will be replaced for small to medium payments (I would say bellow 50$). The card itself will not be replaced."

Nicky Chisholm sees mobile payments as something far beyond the interaction between retailer and payment service "Mobile payments is more than just a payment method, it opens up a whole new channel of communication between retailers and consumers that can be intelligently used to deliver an improved shopping experience, taking it beyond payment."

As you can see, the payments space is a little hard to navigate and understand fully, but it seems unanimous that Mobile Payments will replace cards as the day to day transactions. While this doesn't mean the end of the credit or debit card, it means that we could definitely see them going the way of the cheque.

Did you vote in our poll?

Do you agree with the opinions expressed here?

Let us know by leaving a comment below.


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  1. Kevin Alexander

    I believe cards will be around for quite a long time still. Cards have been trying to replace cash as a more secure form of payment and lower risk than carrying cash for some time now. As with all new technology there is a lag in take up by users as well as merchants; not to mention those small enterprises that cannot/will not take up either. Mobile payments and NFC are more likely to be driven by the user adoption of either.

  2. Jonathan Telzrow

    “Replace” is the wrong word to use in your poll. First, there are few payment products no longer used. Cash and coins needs have not been replaced by checks or cards (from antiquity to today), debit has not made checks obsolete (although its pending death has been called for the last 20 years), and similarly will debit and credit plastics will not be replaced by mobile.

    Especially with chip pushing a liability shift with the merchant community, I believe cards are still likely. Will NFC or mobile have greater acceptance or probability of usage at the POS? Yes, but any movement from the bottom will be large “percentages” of growth. But “replace”, count me amount the non-committed.

  3. alihamza

    Mobile Payments Voted Most Likely To Replace Cards In Community Poll. replace word is not well suited here because cash and money are not equal to cards

  4. junaid elahi

    Various companies have been looking to tap into mobile payments markets.
    High quality global journalism requires investment. mobile payment feature as it explores ways to boost revenues from advertisers by demonstrating that ads on the social network lead directly to purchases.
    The feature will draw on credit card information already stored with Facebook to automatically fill in a payment information form when a person wants to buy a product via a mobile shopping app.

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