Nearly two-thirds of 18-34 year olds are happy using their mobile phone to pay for things. A study by Kelton Research for Mastercard also found that 65% of young Americans woudl rather be without their waller than their phone.
Conversely 63% of respondents over 35 said they would not feel comfortable using their mobile phones to make purchases. Many people also felt that issues of privacy and security need to be addressed before they would trust the technology.
"Consumers are already living a mobile lifestyle so using their phones to make payments on a daily basis is a natural next step," said Mung Ki Woo, group executive, mobile at MasterCard Worldwide.
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