JPMorgan executive says digital wallets have yet to catch on

September 12, 2016 7:07 PM

2 0

JPMorgan executive says digital wallets have yet to catch on

NEW YORK Digital payment apps in smartphones, so-called digital wallets, have yet to catch on with customers, the chief executive of consumer banking for JPMorgan Chase & Co said on Monday.

Apple Pay, Android Pay, and Samsung Pay are being used for less than 1 percent of payments at retailers, Gordon Smith said, citing industry data at an investor conference.

Read more

To category page

Loading...