Since our CEO, Eric Remer, was on a mobile payments panel at Bank Innovation a couple weeks ago, we’ve found ourselves discussing the usage of mobile technology by small business owners around the office a lot lately. We’ve mused over what the next big push will be, speculated over why many mobile payments platforms haven’t “taken off,” and predicted why many specifically many small business owners are not latching on to the technology.
But, rather than talking about how small businesses are not using mobile technology, and specifically mobile payments, let’s look at how they are using it. After compiling a few interesting (and some surprising) data points, we decided to put together a little infographic to better portray the data.
One of the most surprising stats is that small business owners will use their mobile devices to do business on average 21 times per day. That’s twice per hour for a ten hour work day. And, almost half of business owners believe that using mobile technology is critical for running a business, with 83 percent saying that mobile payments will be mainstream in the next four years. That data doesn’t exactly spell a mobile payments avoidance, but perhaps it is more the case that, at least in the large market of small business owners, the right product hasn’t been found yet.
How are you using mobile technology to run your business?