Study shows iPhone owners open to mobile payments

12 September 2011 Print page

A British study by research and consulting firm YouGov reveals that almost half of iPhone owners are open to making mobile payments.

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  • 46% of iPhone owners in the UK would be willing to pay bills using their iPhone
  • 62% would transfer funds from one account to another
  • 69% would check account balances
  • 45% would feel comfortable making payments to other people. Those numbers bode well for companies like iZettle and Square, who just released its Square Card Case app today.
  • Despite this, only 31% of those polled reported that they would feel comfortable making contactless payments through near field communication(NFC) technology. That could be due to the fact that people seem to have adistrust for the technology, assuming that simply walking past a NFC reader will lead to your bank accounts being drained by some malevolent hacker.*

Read more about the study here.
* As noted by GigaOM


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