In reaction to Apple Pay launching tomorrow (14th July), Nicolas Frankcom, money expert atUswitch.com, says: “It’s great to see technology making shopping simpler, but the convenience of tap and pay may have a sting in its tail. As payment becomes simpler and more detached, there’s a danger that debt problems could worsen.
“Our research shows that a quarter of consumers fear they’ll spend more money than intended if they use their phone rather than cash or a card to pay. One in ten would even welcome limits on where and when they can use mobile phone payments to help curb impulse spending.”
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Katherine Moss
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