Thursday, July 24, 2014

Study: Apple Passbook popular electronic purses PayPal and Google Wallet

Among the owners of digital wallets Apple Passbook is used more often than not less famous PayPal and Google Wallet, reports Payspacemagazine citing a study Thrive Analytics. This demonstrates the significant potential for the projected full mobile wallet from Apple .
Apple-passbook-1

According to the survey, 79% of consumers use PayPal, 40% - Google Wallet, 26% - Groupon, 17% - Apple Passbook. However Passbook used most other applications, several times a week - it was reported 60% of respondents. For comparison, 49% of them use the weekly Google Wallet, 40% - PayPal.
"Given the decline in the number of cash payments and a fairly high level of awareness about digital wallets (78%), it is surprising that the pace of these solutions are relatively low - 32%," - said Jason Peaslee, managing partner at Thrive Analytics.
Analysts believe that, given the high rate of use of the application Passbook on a weekly basis, Apple will become a major player and get a substantial market share in the case of expansion of the application.
Despite the fact that most commonly used Passbook other transactions in this application usually have a small value: about 39% less than $ 10 transaction.
Other digital wallets are now experiencing difficulties with escalating consumer base. Among the respondents - 5% used PayPass from MasterCard, 4% - Dwolla, Venmo and Isis, 2% used V.me from Visa.
Total use of digital wallets remains low (32%), but mobile phones are the leading platform: 60% of consumers use digital wallets on their mobile phones or tablets.
Awareness of aspects of digital wallets is 78%. Why the level of use is still low? 46% of consumers say the most critical security issue.
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