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In 10 years, nearly 50% of consumers between the ages of 18 and 35 will use mobile payments, contends a study from Mercatus LLC, a Boston-based financial-services consultancy. Between 2013 and 2018, about 15% of consumers ages 18 to 30 will use mobile payments, with the percentage increasing to 50% by 2018 if current adoption rates remain constant, the report says. Currently, nearly 50% of U.S. consumers are aware of mobile payments, though only 1.5% has used the technology to buy something, Mercatus says. The survey of 2,500 consumers conducted in June also found that the constant presence of cell phones, a desire not to carry cash and the flexibility to make a payment regardless of time and location most interested mobile payment users and those who are interested in the technology but have not used it.
