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Branded Mobile Wallets: Do Credit Unions Need Their Own?

By 2018, more than one in four smartphone users in the U.S. will use mobile payments.

By Tina Orem | Updated on October 21, 2016

The rise of the mobile payment is one of many technological revolutions changing credit unions, but its growth is pressuring many credit unions to make what could be one of the biggest judgment calls ever for the industry.

This year, 36.2 million people will use smartphones instead of cash or plastic to pay when they visit a store – that’s 60.5% higher than just a year ago and more than double that of 2014, according to research firm eMarketer. By 2018, more than one in four smartphone users in the U.S. will use mobile payments, it forecasted.

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Tina Orem

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