Today in Data: Tapping Into the Tokenized Future |
While the mobile everything future has been long predicted as of the second half of 2018 we are actually beginning to see the shape of what that will look like There will be more competition as players like Uber try to tap more directly into the mobile payments enthusiasm they helped invent and as enthusiasm for mobile wallets continues to creep up But beyond consumers the change is coming from merchants and small businesses that are looking for better ways to get paid and tapping into the power of mobile to access digital payment streams Its all made possible by tokenization which has a future in not only securing transactions but also in making them frictionless Data 55 billion Expected value of the global mPOS market by 2024 3 billion Expected value of PoS transactions done by OEMs contactless mobile wallets 100 The amount of stored value Uber customers get by paying 95 into Uber Cash 75 percent Share of US customers that can be tokenized according to Mastercard 50 percent Share of small businesses that fail