American Consumers Dubious About Mobile Wallets

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

American Consumers Dubious About Mobile Wallets

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