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Why should CIOs pay attention to the mobile payment industry?

Competition in the mobile payment industry is heating up. Should CIOs be paying attention? Join #CIOChat on Wednesday, May 27, at 3 p.m. EST to discuss how mobile payments will impact CIOs and the enterprise.

In an increasingly mobile world where convenience reigns supreme, it's easy to see the value in mobile payment investment. No one is throwing out their wallets just yet, but the number of U.S. consumers who make at least one mobile payment a year will grow from nearly 8% in 2014 to 65% by 2019, according to Business Insider. In addition, Forrester predicts mobile-based payments in the U.S. to reach $142 billion in volume by 2019, a sign the mobile payments train isn't stopping.

Big tech players like Apple, Google, Samsung, Android and even Facebook  are all on board for the ride. Joining them are newbies such as CurrentC  and Venmo. All of them are looking to cash in on the trend and stake their claim on the mobile payments market.   

But why should CIOs care?

Join our #CIOChat on Wednesday, May 27, at 3 p.m. EST to discuss the relevance of the mobile payments movement to CIOs and the enterprise, and what CIOs can do to prepare for the boom. Discussion may include the pros and cons of increasing mobile transactions, how to build consumer trust in the threat-laden mobile payments environment and the future of mobile payments in enterprise.


Date: Wednesday, May 27, 2015

Time: 3 p.m. EST

Host: @SearchCIO

Hashtag: Use and follow #CIOChat

Tweet chat newbies (and #CIOChat vets, too!), please review this list of tips before participating in the chat:

To follow the conversation, type "#CIOChat" into Twitter's search bar. From this page, select "All" to view tweets in real time.

Your first #CIOChat tweet should be introductory, including your name, title and organization.

@SearchCIO will ask a series of questions related to the mobile payment industry starting at 3 p.m. EST (Q1, Q2, etc.). In your tweeted responses to each question, please preface with A1 (Answer 1), A2 and so on, then remember to include "#CIOChat." Include this hashtag in every tweet during the chat.

Please note that Twitter allows only 140 characters per tweet. You are welcome to tweet multiple responses to each question.

Throughout the discussion, retweet (RT) and favorite tweets you concur with and reply to those you disagree with.

Please direct questions, RSVPs or other concerns to our editors. Talk to you on Twitter!

Next Steps

Read about the state of the mobile payments race and Facebook's plan to bring mobile payments to its messenger app.

Dig Deeper on Enterprise mobile strategy