Survey reveals UK fears regarding mobile payments

Many don't trust the idea of mobile payments, even if they're not exactly sure why

The poll of over a thousand UK adults found that only 17%, less than one in five, were wanting to use mobile payments in the future. The fears were a mix of genuine concerns and uncertain apprehension. A quarter of those who didn’t want to use mobile payments said that it “feels less secure but I don’t know why”. Other consumers had fears and worries about phone hacking and security issues – almost half of those questioned were concerned about the lack of security software on mobile phones.  A quarter also feared that their mobile was more likely to be stolen than their wallet. And of course, if or indeed when mobile wallets become a full reality, the mobile phone may well become a far more tempting target to thieves. And it’s already tempting enough to pinch a £500 smartphone... read more