Devesh
Core Member
Smartphones have replaced lots of other accessories - cameras, flashlights, calculators. But many people are still reluctant to swthe wallets in their pockets for their digital counterparts.
A key reason consumers are hesitant to adopt mobile payments like Apple Pay and Android Pay, surveys say, is fear over security: High-profile retailer data breaches have made buyers wary of sharing credit card information. But while there's cause not to rely 100 percent on your mobile wallet just yet - lack of widespread acceptance by merchants, for one thing - security concerns shouldn't be holding shoppers back, experts say.
"I think some people get nervous about this idea of 'This thing is sending telepathic waves to that machine to say that I'm paying,'" says Mark Ranta, head of digital banking solutions at ACI Worldwide, a payment systems company.
But your mobile wallet is arguably the safest way to pay, and it offers a few benefits to boot. Here's why this payment method is worth considering.
Mobile wallet apps are safe, claim experts, Telecom News, ET Telecom
A key reason consumers are hesitant to adopt mobile payments like Apple Pay and Android Pay, surveys say, is fear over security: High-profile retailer data breaches have made buyers wary of sharing credit card information. But while there's cause not to rely 100 percent on your mobile wallet just yet - lack of widespread acceptance by merchants, for one thing - security concerns shouldn't be holding shoppers back, experts say.
"I think some people get nervous about this idea of 'This thing is sending telepathic waves to that machine to say that I'm paying,'" says Mark Ranta, head of digital banking solutions at ACI Worldwide, a payment systems company.
But your mobile wallet is arguably the safest way to pay, and it offers a few benefits to boot. Here's why this payment method is worth considering.
Mobile wallet apps are safe, claim experts, Telecom News, ET Telecom