Apple, Google bet on walletless future, but are shoppers ready?

From The Seattle Times –

#Some pay for deli sandwiches with a flick of their Internet-enabled wristwatches. Osama Bedier waves his phone.

The customers who shop at Mollie Stone’s Market, at the heart of this Silicon Valley city’s startup row, are increasingly buying groceries without cash or credit cards.

“I haven’t carried around cards for a very long time,” Bedier said.

These shoppers are still early-adopting outliers — especially Bedier, the executive who ran Google Wallet before starting his own company to build mobile payment terminals — but Apple, Google and Samsung are counting on them as bellwethers in a new fight to become your inseparable virtual wallet. And despite early resistance from retailers and even consumers, momentum is now building toward making these tap-and-pay systems a widespread consumer habit.”

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Why Is Almost No One Using Apple Pay?

From Forbes –

“Do you use Apple Pay? Or Google Wallet? Or any other mobile payment service on your smartphone? No, I didn’t think so. No one seems to be using their smartphones to pay for stuff. Well, almost no one.

We don’t want to carry around credit cards, or even our wallets, right? But we still have to. With all of the hubris and excitement over mobile payments I rarely see anyone buying things at stores and restaurants with their mobile devices. My family, friends and work colleagues all own iPhones or Android smartphones. We’re not afraid to download Apple Pay or Google Wallet or another mobile payment service and get it configured. And yet, we are still overwhelmingly using credit cards like we’ve always been doing.

Why? Small merchants aren’t getting on board.”

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Are Apple Pay and Google Wallet really credit card killers? Not so fast!

From Upstart –

“For this mobile generation, credit cards definitely seem antiquated with their scratched-up magnetic stripes and breakable plastic. But IT consultant Himanshu Sareen explains why mobile wallets are unlikely to replace them anytime soon.”

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Are people scared of mobile payments?

From Tech Republic –

“New data shows that consumers are not adopting forms of mobile payment. That's not good news for Apple Pay or Google Wallet.

Recently some data points came to light that shed some interesting facts on the realm of mobile payment acceptance. That data very simply points to the fact that consumers are not adopting forms of mobile payment.”

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