Mobile Wallet Use Up In 2016
It seems that people are always looking for an easier and more convenient way to pay for their purchases. Still, it’s taken some time for folks to get comfortable using their phones at the register, through one of the many mobile wallet apps available. Finally, there are signs that the tide is turning and people are becoming more used to mobile wallet technology.
The Capital One Wallet Survey found that in 2016, nearly a quarter of respondents said they were taking advantage of mobile wallet apps. They may or may not be making actual purchases with those apps, but they are using them in some capacity or other.
Sixteen percent of those surveyed said they’d made a purchase with their mobile wallet over the past year, while 24% were using a mobile wallet in some way. Of those 24%, more than 63% have only recently begun using mobile wallets; they said they’d been using it for less than one year.
The holidays give folks a reason to use their mobile wallets
As the holidays approached, almost half of those who are using mobile wallets said they’d use theirs to buy a holiday gift. And they’d use them even more, if more merchants allowed them to use them. Many smaller stores still don’t have the technology to accept mobile payments.
Almost every credit card issuer, however, does participate in some mobile wallet platform. Whether you have a Chase card, a Citi card, a Mastercard, Visa, or American Express card, you can use Apple Pay, Chase Pay, Google Wallet, PayPal, Android Pay, or another mobile wallet.
Grocery stores and fast food places see increased mobile wallet use
When asked where they use their mobile wallets, 49% of folks said they used them at a regular retail store. Narrowing it down, 41% said they’d used a mobile wallet at the grocery store, and 37% said they’d used it to pay for a fast food purchase. Drug stores were a slightly less common place to use mobile wallets, with only 26% of folks reporting using their mobile wallet there.
The Capital One Wallet Survey was conducted specifically to find out people’s attitudes toward mobile wallets, and included responses from more than 1,800 people across the United States.
Latest Credit Card Issuers News
Wells Fargo & Company has recently announced the release of tap-to-pay contactless consumer credit and debit cards. Wells Fargo cardholders are already familiar with the advantages of digital wallets and are involved in paying for purchases and initiating ATM transactions by means of their mobile phones, while tap-to-pay cards are something new.
Dog-lovers can get checks or credit cards printed with pictures of adorable pups. If you’d rather be at the beach, you can carry a credit card picturing the waves and sand. And now sports fans can order a new credit card with the logo of their favorite teams and players.
Loyal JetBlue customers have another reason to use Chase credit cards: the banking giant and credit card issuer has announced that the JetBlue TrueBlue loyalty program is the newest Chase Ultimate Rewards partner, and cardholders will now be able to redeem their reward points for travel on the airline.
Good news for American Express Platinum cardholders who live or travel in the Denver area: American Express has just announced plans to add a Centurion lounge to the Denver International Airport (DIA). And it will be huge—over 14,000 square feet—making it the second-largest Centurion lounge location.
The Walt Disney Company and Chase Card Services recently announced that they will continue their longstanding relationship, extending their co-branded Disney Visa Card, Disney Premier Visa Card and Disney Visa Debit Card programs in a multi-year agreement.