Atlanta -- Around the world, consumers want it all, and they want it in the palm of their hand. According to a global study released by First Data, consumers worldwide expect strikingly similar mobile and technology-powered experiences from large and small businesses as well as financial institutions – and their expectations are fueled by skyrocketing smartphone usage.
The goal of First Data’s research is to provide insights into evolving consumer awareness, usage, attitudes and behaviors in traditional in-person and web-based shopping, payments, banking and money management. An online survey was conducted in 10 markets (Brazil, China, Germany, India, Mexico, the Middle East, Poland, Singapore, United Kingdom, and the U.S.) with nearly 4,000 consumers who had a bank account and either a debit or credit card.
The study, which was conducted in 10 markets, including the United States, China, Brazil and the United Kingdom, reveals that consumers seek three consistent, defining features in their experience:
In key findings:
“When we talk about evolving consumer expectations, what we’re really talking about is an expectation of higher levels of service and a drive toward simplicity, with the consumer at the center of it all,” said Larry Drury, chief marketing officer for First Data. “Much of this change in expectations is driven by the proliferation of smartphones, which have fundamentally altered how consumers around the world go about their daily lives. Understanding the impact this has on consumer behavior has profound implications for doing business today.”
Further information is available in Executive Summary: First Data 2013 Global Universal Commerce Consumer Tracker Study.