A recent study conducted by payment solution provider Mobio Identity Systems suggests that North Americans are eager to see mobile payments become a reality. At the same time, however, security is a top concern for the majority of potential users.
Mobio recently surveyed 1,085 people across North America and found that the overwhelming majority — 94% — would use mobile payments if they knew the system was secure. Mobio’s study also found that 73% of respondents said security was their main concern regarding mobile payments, while 12.4% said simplicity and 8.5% said speed. As such, it’s safe to say companies looking to bring mobile payments to the mainstream market must focus a tremendous amount of effort on security.
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