Dive Brief:

• According to results from a new survey by Visa, nearly 57% of American adults expect digital wallets to replace physical money.
• Roughly 27% of smartphone users in the U.S. have used their device for purchasing retail merchandise in the last year.
• A total of 15% of respondents to the survey also claim to have scanned QR codes with their mobile device to make purchases.

Dive Insight:

49% of respondents for the survey claim that the ‘most annoying aspect’ of online shopping is setting up separate individual accounts with each online merchant in order to make purchases. The central appeal of a digital wallet for consumers could be that consumers avoid having to enter payment information multiple times when making separate purchases online.