Although many recent surveys forecast the
opposite, a Nokia-funded research by the University of California
(UC) has found that US consumers are actually not willing to pay
with mobile phones.

The UC study shows that 74% of Americans are
not planning to adopt any mobile payment solution, contradicting
other researches which say that cash and card payments will
be almost eliminated by m-payments by 2020 or mobile payments will
double every year.

The university based in Berkeley
interviewed 1,203 internet users
, the majority of whom cited
privacy concerns as their main reason for not wanting to use their
phones to make payments.

The key findings
included:

96% of respondents said they
oppose to mobile payments being used to track them in stores;

81% objected to sharing
information such as phone number or home address with retailers
through mobile payments;

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

51% are against sharing their
email address via m-payment transactions.