Security Concerns Seen Holding Back Mobile Wallet Adoption in the UK

One-third of consumers in the UK surveyed by ICM Research claim that they would definitely or probably use their mobile as a wallet to make payments for everyday items. But that figure rises to 51% of respondents if their concerns about security could be allayed, implying that security fears are holding back further use of mobile wallets. As it turns out, consumers are willing to try an array of methods to increase their confidence in the security of mobile payments. (more…)