NEW YORK ( LowCards.com) -- Mobile wallets have made a big splash in recent years, but a study shows there may be more discussion going on than actual use. Research from Thrive Analytics shows far more people in America know about digital wallets than actually use them.
According to the study, 78% of consumers are aware of the existence of digital wallets, yet only 32% have actually used them. These numbers include using PayPal on a PC. This massive gap implies shoppers are essentially staying away from mobile wallets, no matter how prevalent they have become.
There are a few reasons people may not have jumped on the digital wallet bandwagon. Some say they question the security of digital wallets, and others say they don't have a compelling reason to use them.
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