Compass Plus survey – Industry and consumers disagree on mobile payments

A survey conducted by Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, has revealed that industry expectations about the future of mobile payments are not aligned with consumer attitudes. Almost 60% of industry experts believe that one day traditional wallets will be replaced by mobile wallets, however, when asked how they will pay in 10 years’ time, just 6% of consumers believed their main payment method would be using a mobile. Read more here.