Consumers Wary of Mobile Wallets, Payments

While many Americans expect tap-to-pay smartphone payments to eventually replace card and cash transactions, they don't expect that to happen anytime soon, according to a recent Harris Poll. Only 29 percent of Americans believe tap-to-pay will replace payment card transactions in five years, and only 26 percent expect mobile payments to replace cash in five years. 26 percent of consumers surveyed said mobile wallets would make them more interested in mobile payments, down from 30 percent in 2012. Story

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