A new survey from 451 Research finds Apple Pay gaining momentum in the mobile payments space, primarily at the expense of PayPal.
“Our latest survey shows planned use of Apple Pay has been on an upward trajectory since it became available six months ago – with the service helping to spark consumer demand for mobile payment technologies,” said Andy Golub, Survey Research Director for 451 Research, in a statement. “Although consumer perceptions of security remain an issue, the results point to marked improvements in this area.”
The March survey, conducted by 451 Research’s ChangeWave service, consisted of 4,168 respondents primarily based in North America, and looked at planned use of mobile payment applications and the issue of security.
One-quarter (25%) of smartphone owners say they are likely to use mobile payment apps over the next 90 days (11% Very Likely; 14% Somewhat Likely). This number is up just 1-pt since 451’s previous ChangeWave survey in December 2014, but is a full 6-pts higher than one year ago.
iPhone users (34%) are more than twice as likely to use mobile payment apps compared to Android (16%), BlackBerry (13%) or Windows Phone (5%) users.
Apple Pay is the top choice in terms of mobile payment applications consumers plan on using going forward. A total of 45% say they plan to use Apple Pay – which is a 5-pt jump since December.
Looking at satisfaction among consumers who are already using mobile payment apps, Apple outperforms, with 66% of those who have used Apple Pay saying they’re Very Satisfied with the service.
PayPal (45%) is in second place, followed by Google Wallet (33%).
Respondents interested in buying an Apple Watch are twice as likely (54%) as all other smartphone owners to say they’ll use mobile payment apps (29% Very Likely and 25% Somewhat Likely). An upcoming 451 Research report based on a new ChangeWave survey will be taking a close-up look at wearable device trends and demand for the Apple Watch.
Source: 451 Research, LLC
Can’t wait to set up my iPhone 5s and Apple Watch and give Apple Pay a go.
I cannot believe anyone would waste a second on Google Wallet after the Google Checkout debacle. Google does not have any credibility in this space.
Apple Pay certainly sped up the Apple Watch buying experience.
KICK
GOOGLE’S
A$$
! ! !
💣💥
I agree, but here’s help:
http://www.howtogeek.com/howto/38828/how-to-disable-caps-lock-on-mac-os-x/
NOT as much fun without shouting.
Here here!
please put in earplugs before reading the following:
WARN US IF YOU ARE GOING TO YELL SO WE CAN PUT OUR EARPLUGS IN FIRST !!!!!!!!!!!
no sense of humor. so sad.
Would be nice if Apple Pay would work in countries other than the USA 🙂
Patience, bankers have to be dragged into the 20th century before they can walk into the 21st century.
Looking forward to this, as well. Glad to see Apple Pay, the better technological solution, IMO, is gaining traction. My 5s wo’t do it, but with the Apple Watch it can. Will upgrade phone in fall.
Wow what NOT a surprise since ApplePay is way better than the rest.