Only 3 Percent of US Retail Sales Completed Via Mobile Wallet

A new infographic from Expert Market has mapped out mobile wallet usage in 36 countries around the world. In the US, only 3% of retail sales were completed through a mobile wallet.The global penetration rate of this technology is still very low topping at 6%, except for one country. The one outlier in this report is China, which has a staggering 36% of the population using mobile wallet. This is nine times the global average of 4%.As consumers move away from cash, businesses have to implement payment solutions capable of addressing this change. This is because they now have more ways than ever to pay for the product and services they purchase.Businesses have to make the payment process as seamless as possible and remove any pain points for their customers. With smart mobile phones, consumers have a technology which brings most of what they need in one platform.