The use of in-store mobile payments increased in the US this year, from 5% in 2014 to 18% in 2015, research reveals, with approximately one in five consumers using their phone to make a payment at the point of sale.<\/p>\n
The most popular uses of mobile payments in the US: <\/strong><\/p>\n Public Parking (19%)<\/p>\n Gas Station Purchases (18%)<\/p>\n Coffee Shops and Fast Food Dining (17%)<\/p>\n Paying for Groceries (16%)<\/p>\n Public Transportation (16%)<\/p>\n Paying for a Taxi (16%)<\/p>\n Paying for restaurant bills (15%)<\/p>\n Checking out of a Hotel and Paying the Bill (13%)<\/p>\n Shopping for Clothing (12%)<\/p>\n Shopping in General on the High Street or in the Mall (10%)<\/p>\n Other (7%)<\/p>\n US consumers aged between 25 – 34 were seen as driving the largest portion of mobile payment activity at 36%, with those aged from 45-74 accounting for less than 10% of activity.<\/p>\n Half of the survey\u2019s 2,000 respondents in the US cited security concerns as the main reason for not using mobile devices for in-store payments, while\u00a0consumers place the greatest trust in traditional financial institutions like banks (49%) for provision of payment services.<\/p>\n Mobile technology is now moving beyond simply being a mode of communication and advancing towards the era of the always-connected consumer, says US telecommunications sector leader at Deloitte<\/a>.<\/p>\n