Consumer concerns about the security of NFC mobile contactless payments are causing a barrier to adoption, according to new research commissioned by digital security company Gemalto. The information has been released as part of the company’s campaign for better education around the subject of NFC.
Over a third of respondents - 34% - said they hadn’t used or wouldn’t use their phone as a mobile wallet due to security concerns, with 24% not trusting NFC because they didn’t understand how it worked.