PayPal Canada mobile wallet survey finds 34% of Canadians would rather pay by phone

Posted by Seth Planck

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PayPal Canada mobile wallet survey finds 34% of Canadians polled would rather pay by phone

A PayPal Canada mobile wallet survey found 34% of Canadians polled would rather pay by phone than carry actual cash. PayPal Canada contracted Leger Marketing to conduct a survey of 1,512, well, Canadians to see how they felt about mobile wallets. The fact that this poll found 34% of Canadians surveyed would rather pay by phone than carry a pocket full of coins shows a dramatic change. Compared with other surveys in the UK and US, the PayPal Canada mobile wallet survey shows a huge up swing in the percentage of a population who are ready to embrace mobile payments and dump the paper and metal.

The PayPal Canada mobile wallet survey also found that more than half of Canadians are comfortable with the thought of never handling cash again

Cash has been with us for hundreds of years. It is supposed to represent a chunk of gold buried in a national reserve vault, but those days are long past. When we worry about security of our cell phones acting as our mobile wallet, the irony is that cash is the most insecure form of payment EVER! If it is stolen a thief can use it anywhere, at any time. You cannot cancel cash, you cannot close the cash account, cash is not secure. However cash does have one redeeming quality and that is that it is only worth what is printed on it. If someone does steal $20, they can only spend $20 and not wipe you out, but most digital wallets require a pin to be inserted when purchases get over a certain amount or when the mobile wallet has been used a particular amount of times anyway, so even cash’s ace in the whole has been built into a mobile wallet. The PayPal Canada mobile wallet survey found that nearly six out of ten or 56% of Canadians seems to be comfortable with this idea.

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