According to a recent online YouGov survey conducted on behalf of Intelligent Environments, a digital banking software solutions provider, 29% of British mobile phone owners would prefer to make payments of less than £20 with their device as opposed to cash or card. This figure rises to 41% between 18-24 year olds.
Other findings from the survey claim that, given the choice, 41% of smartphone owners would shop online using their phone, 34% would use their phone to pay bills, 30% to pay for tickets and 21% to make P2P payments. Additionally, an average of 49% of smartphone users would be interested in making ‘wave n pay’ NFC payments in-store – this comprises 61% iPhone users, 47% of Android users and 39% Blackberry users. A year ago an average of 42% of users said they’d be willing to ‘wave n pay.’
The poll also found that iPhone users are the most inclined to use their phone as a mobile wallet with 60% saying they would use their device to manage their bank account compared to the average of 42%; 58% would shop online compared to the 41% average; 46% would pay for travel tickets compared to the 30% average; and 29% would make P2P payments compared to the 21% average.
Females and Blackberry users were less inclined to use their smartphone as a wallet, 33% and 35% respectively would use their device over cash or card to make purchases of less than £20.
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