Mobile Wallet Usage Rates Are Laughably Low

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Samsung Pay had the highest usage (4.5%), which is, again, only tracked when the consumer with the right phone and/or operating system made a purchase at a merchant who supported that method of payment. According to PYMNTS.com, the usage rate for Samsung Pay has been relatively constant for 1.5 years. Apple Pay had the second-highest usage (4%) while Android Pay lagged far behind with a mere 1.1% usage rate… More at The Motley Fool.

I do use Apple Pay now and then, but admit that it is only a handful of times a year and always in the same place. I do believe, however, that there is huge growth potential here and it should not be written off yet.

4 thoughts on “Mobile Wallet Usage Rates Are Laughably Low

  1. I use Apple Pay for almost every transaction for which contactless is available. I must be in a tiny minority.

    1. I use it in Costa purely because the loyalty card is in Wallet as well, and when I forget my real wallet. Losing the limit would help.

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