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Mobile Payments at the Service Station| Verdict Trend Report

Mobile Payments at the Service Station| Verdict Trend Report

  • July 2015
  • 50 pages
  • ID: 3468685
In this report:
In the UK in 2014, contactless payments took place at the rate of ## a second and rose in value by £##m since 2013 according to the UK Cards Association.
In the UK in 2014, contactless payments took place at the rate of ## a second and rose in value by £##m compared to 2013 according to the UK Cards Association.

Summary

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Brief

In the United Kingdom (UK) in 2014, contactless payments took place at the rate of 10 a second and rose in value by £219m since 2013. Retailers across EU are increasingly beginning to offer mobile payments as they look to benefit from faster payment transactions. Unmanned sites, car washes, fuel cards and retailer loyalty schemes can all benefit from the introduction of mobile payments at the forecourt

Main highlights

- Plan future strategies by examining the benefits and plausible barriers to the adoption of mobile payments at the forecourt.

Abstract

Only 13.30 percent of motorists across Europe (EU) use mobile payments at the forecourt, due to the lack of service stations accepting this payment type. With motorists also being limited to a maximum spend of around £20 per transaction, several are unable to use mobile payment methods, even if they have set them up.

Italy (IT) has the more important spend on mobile payments per transaction across the best five European countries at €26.79 due to the number of smaller vehicles and scooters in the national parc, that have smaller tanks making their refuel cost eligible as it comes under the transaction limit.

European motorists who use mobile payments do so twice a month on average. With the maximum spend using mobile payments being so low, various motorists will only be able to use this payment type if they are not refuelling their tank fully or visiting the shop for food and drink items, limiting its use at the forecourt.

Great reasons to purchase

- What are the current trends in mobile payments at the forecourt? And how can retailers take advantage of them?

- How will future mobile payment trends affect the sector and how can fuel retailers take advantage of them?

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