Mobile payments in Singapore on the rise despite security concerns

SINGAPORE (Nov 29): Credit cardholders in Singapore are increasing their usage of mobile payment services, compared to other key global markets, according to the JD Power 2017 Singapore Credit Card Satisfaction Study.  

The study found that usage of mobile payments in Singapore has grown to 40% in 2017 as compared to only 26% in 2016, almost on par with Hong Kong, recording a usage of 41%.

This was despite many consumers citing that their concern for not using a mobile wallet is security.

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