JPMorgan executive says digital wallets have yet to catch on

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/wfe6.DKE0S7czo_ZLKUWSw--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_us/News/Reuters/2016-09-12T191346Z_2_LYNXNPEC8B19R_RTROPTP_2_DJIA-JPMORGAN.JPG (http://news.yahoo.com/jpmorgan-executive-says-digital-wallets-yet-catch-191228444--finance.html)NEW YORK (Reuters) - 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. Ultimately, the convenience of paying with phones will bring a surge of use from consumers, but it is impossible to know when that inflexion point will be reached, said Smith. ...



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