One in 10 UK consumers have used mobile payments, survey reveals
More than one in 10 (11%) of UK consumers have made an in-store mobile payment and do so occasionally, with 2% doing so “wherever possible”, research from price comparison service uSwitch reveals. 6% of Britons value mobile payment technology as the most useful feature of their smartphone, rising to 8% among 18- to 34-year-olds.
Of the 71% who have either never made an in-store mobile payment (67%) or have previously but don’t any more (4%), 31% are concerned about the security risks and more than half (59%) prefer to use more traditional methods like cash or card.
The 2,002 respondents surveyed also believe they are more than twice as likely to use mobile payments (21%) over other recent innovations such as virtual reality headsets (10%), and are three times more likely to pay using NFC than through a home service like Google Home or Amazon Echo (7%).
The survey also showed:
. 13% ranked fingerprint ID as the most useful feature in their smartphone — rising to 15% among 18- to 34-year-olds
. Men were more likely to find the fingerprint ID feature more useful than women (14% men, 11% women)
. 4% ranked virtual or voice-activated assistants as the most useful feature
. GPS topped the list of useful features with 42%, followed by messaging apps such as WhatsApp (36%)
. Iris scanners were favoured by 2% of respondents.
Source: nfcworld.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
