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Study reveals concerns about mobile payment security. Study reveals concerns about mobile payment security. (Source: Shutterstock)

Most American consumers have made at least one mobile payment in the last year, but nearly one in three are actively dodging the payment method due to worries about their money’s safety, according to new research from The Pew Charitable Trusts.

The survey of 1,178 people found that 29% of respondents skipped paying via mobile sometimes or always due to fears about loss of funds, highlighting concerns many consumers continue to have about security and other complications they must face as their financial lives become more digital.

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Tina Orem

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