New mobile payment solutions seem to be popping up everyday, but according to the results of a new study from the University of California, Berkeley, American's aren't ready to embrace the new technology and start paying for things with their phones. According to the study, 74 percent of those questioned said that they do not plan on adopting any kind of mobile payment service, and one of the big issues of concern seems to be privacy.
96 percent of respondents said that they were against any sy stem that would use their phone to track them as they browse a store. 81 percent objected to sharing phone number or home address information with a retailer through mobile payments.
Respondents were less concerned about their email address, and only 51 percent said that they were against sharing it.
Other recent surveys have suggested that mobile payments could become more widespread within the next decade.