Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found. The biggest concerns with mobile payments today are payment information hacks (46%), unauthorized payments processed by a mobile payment provider (33%) and accidental payments made via NFC or QR codes (13%).
IEEE hosted an online survey on IEEE Transmitter from February 16–29 which asked participants a variety of questions regarding their views on digital safety and the future of cybersecurity. The 1,903 survey respondents were asked to rate which platforms and personal data they felt were at the most at risk for being hacked. Responses were rated on a scale of least to most risky.
The Death of Cash by 2030 – 70 percent of respondents believe that by the year 2030, mobile payments will be secure enough to overtake the use of cash and credit cards.
Hesitation Toward the Growth of Mobile Payment Technology
• According to 46 percent of survey takers, the biggest concern in mobile payment technology is payment information hacks.
• 33 percent of respondents were worried about an unauthorized payment processed by a mobile payment provider. • Accidental payments made by the NFC tag and/or QR code is feared by 13 percent of people.
• Viral infection through the QR code was only a concern for 8 percent of respondents.
Cloud Popularity Down
• Cloud storage is not as popular as expected with 26 percent of respondents indicating that it was their least preferred way to save their information.
• Nearly half (49 percent) of survey takers would rather store content on their personal computers.
IEEE is the world’s largest professional association dedicated to advancing technological innovation and excellence for the benefit of humanity. IEEE has over 421,000 members (27% are students) in more than 160 countries, more than 50 percent of whom are from outside the United States.
Source: ieee.org
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:
