Recently, Android Pay went live in the UK enabling tap-and-go contactless payment services for users. The card from MasterCard can be loaded onto customers’ devices through Android Pay to have the features of a card transaction on their mobile devices.
In Britain, one in twenty consumers is making NFC mobile payments once a week or more. Furthermore, by the end of 2016 it is expected that 25% of consumers will use their mobile phone to make NFC-based mobile payments, according to nfcworld.com.
With mobile handsets enabled for contactless payments, reservations are beginning to disappear. Statistics from MasterCard show that 13% of British consumers have no reservations at all. The most common fear is losing the device. 65% of people worry that if their device falls into the wrong hands, someone can use it to buy things with their money.
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