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Consumers looking for incentives within mobile wallets

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by: Brian Day

Most consumers need incentives to try — and certainly to actively adopt — new technology. Mobile wallet usage is no different. In fact, consumer uptake of mobile payments is expected to increase as loyalty programs make it worth their while.

A recentreport from the Federal Reserve Boardfound 79 percent of mobile users would be interested in using phones to receive deals and discounts. Additionally, 77 percent indicated tying reward points to a mobile payment app would increase the attractiveness of mobile wallets.

Jordan Rumsey