Researchers say U.S. consumers don’t understand the benefits of mobile wallets.
Over 64% of US consumers say that they would never use a mobile wallet, according to recent research carried out by Consult Hyperion.
Consumers were asked who they would trust most to issue a mobile wallet: banks, phone companies, Google or major retailers or no one. The most trusted issuers were banks at 20%, followed by Google at 10%, retailers such as Walmart at 3% and phone service providers at 2%.
Read more at Financial Brand