Consumers Wary of Mobile Payment Security

by
,

After Apple introduced its very own mobile payment service named "Apple Pay" this week, many commentators are predicting a breakthrough for smartphone payments. However, there are more reasons for consumers not to use existing mobile payment services than the fact that Apple wasn't involved in the market thus far. First and foremost, consumers worry about the security of smartphone payments.

According to a survey conducted by Thrive Analytics in June 2014, 46% of those consumers who haven't used their smartphones to pay for stuff cited security concerns as one of the reasons for not doing so. Many others simply don't see the benefit of mobile payments or have never thought about it at all. It will be interesting to observe whether Apple and its wide range of partners can wipe away the security doubts and convince consumers of the benefits of smartphone payments.



Infographic: Consumers Wary of Mobile Payment Security | Statista
 Report
Related Infographics
  • Mobile banking
    The (Still) Limited Reach of Apple Pay

    This map shows countries/regions in which Apple Pay is available.

  • Mobile payments in the United States
    Mobile Payment Volume to Increase Tenfold by 2021

    This chart shows the estimated growth in mobile payment transaction volume in the U.S.

  • Connected Cars
    Connected Living and the Future of Payment

    This infographic sums up key facts on connected living.

  • Mobile payments in the United States
    The Numbers Behind Square's Payment Business

    This chart shows the financials behind the mobile payments company Square.

  • Mobile payments in the United States
    Will Smartphones Replace Cash & Credit Cards?

    This chart shows how Americans think about smartphone payments replacing cash or credit card payments.

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference
You may also be interested in...
FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Robin Hüdepohl
(robin.huedepohl@statista.com).