Apple Pay, Android Pay, and Samsung Pay are being used for less than 1 percent of payments at retailers, Gordon Smith said, citing industry data at an investor conference. 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 consumer banking for JPMorgan Chase. The bank released their own applications, Chase Pay, last year, but Smith claims that consumers are not yet convinced by digital wallets. “Consumers don’t want a mobile app on their phone,” he said.
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 consumer banking for JPMorgan Chase. The bank released their own applications, Chase Pay, last year, but Smith claims that consumers are not yet convinced by digital wallets. “Consumers don’t want a mobile app on their phone,” he said.