Mobile Wallet Usage Rates Are Laughably Low

Screen Shot 2017-05-11 at 19.31.45.png

Samsung Pay had the highest usage (4.5%), which is, again, only tracked when the consumer with the right phone and/or operating system made a purchase at a merchant who supported that method of payment. According to PYMNTS.com, the usage rate for Samsung Pay has been relatively constant for 1.5 years. Apple Pay had the second-highest usage (4%) while Android Pay lagged far behind with a mere 1.1% usage rate… More at The Motley Fool.

I do use Apple Pay now and then, but admit that it is only a handful of times a year and always in the same place. I do believe, however, that there is huge growth potential here and it should not be written off yet.



Categories: Tech News

4 replies

  1. I use Apple Pay for almost every transaction for which contactless is available. I must be in a tiny minority.

Leave a Reply

%d bloggers like this: