Mobile payment applications , such as Apple Pay , Android Pay and Samsung Pay , are being used for fewer than 1 % of retail payments , according to Gordon Smith , chief executive of mobile banking for JPMorgan Chase . The company released their own applications , Chase Pay , last year , but Smith claims that consumers are not yet convinced by digital wallets . Updated: 15:08 EDT, 12 September 2016 NEW YORK, Sept 12 (Reuters) - However , the executive does believe that consumer use of mobile payments will likely rise , due to their popularity .
Mobile payment applications , such as Apple Pay , Android Pay and Samsung Pay , are being used for fewer than 1 % of retail payments , according to Gordon Smith , chief executive of mobile banking for JPMorgan Chase . The company released their own applications , Chase Pay , last year , but Smith claims that consumers are not yet convinced by digital wallets . However , the executive does believe that consumer use of mobile payments will likely rise , due to their popularity .