How People Use Mobile Payment Apps [CHART]

Nearly three-quarters of mobile banking app users use a mobile payment app to pay a bill, according to February 2016 research. That’s about three times as many as use one to send money to a friend.

S&P Global Market Intelligence surveyed 3,897 adult US mobile banking app users. According to the data, 73% said they use mobile payment apps to pay a bill. Some 41% of mobile banking app users use one to pay for retail purchases, by either waving or tapping their phone.

Additionally, more than a third of respondents said they use mobile payment apps to collect or use reward points, and 23% use them to send money to a friend. Read the rest at eMarketer.