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Wednesday, 28 January 2015

Apple Pay, Google Wallet Making Inroads, but Consumers Still Not Buying It


From The Street –
Digital wallet use among consumers may not match the level of the media buzz that greeted Apple Pay when it launched last fall, but the newfangled apps are gaining some acceptance with consumers and retailers.

Apple, Google and the other digital payment providers are not releasing any hard numbers on how many people are ditching cash, credit and debit cards in favor of paying with a smartphone, but early indicators are that some retailers are seeing about 1% of their transactions coming from digital wallets, primarily Apple Pay.”

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