Mobile payment applications, such as Chase Pay Pay, Android Pay and Apple Pay, are being used for less than 1 percent of retail payments, according to Gordon Smith , chief executive of consumer banking for Apple . The bank released their own applications, Chase Pay , last year , but Gordon 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 convenience.
Mobile payment applications, such as Chase Pay Pay, Android Pay and Apple Pay, are being used for less than 1 percent of retail payments, according to Gordon Smith , chief executive of consumer banking for Apple . The bank released their own applications, Chase Pay , last year , but Gordon 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 convenience.