The main reasons respondents did not use wearable devices for payment were that the value they offered was not justified. This is according to a survey conducted in seven different countries across Europe and North America in 2024. The motivation varied significantly between countries. German respondents were more worried about the security of wearable devices than respondents in any other country, for example.
Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024
Characteristic
I don’t think the value they bring warrants the expense
I am concerned about security on these devices
I am concerned about making accidental transactions with a wearable device
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Paysafe Group. (August 12, 2024). Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/
Paysafe Group. "Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024." Chart. August 12, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/
Paysafe Group. (2024). Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/
Paysafe Group. "Main Motivation for Consumers in Selected Countries in Europe and North America on Why They Do Not Use a Wearable Device for Payments in 2024." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/
Paysafe Group, Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024 Statista, https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/ (last visited December 23, 2024)
Main motivation for consumers in selected countries in Europe and North America on why they do not use a wearable device for payments in 2024 [Graph], Paysafe Group, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1538465/reasons-for-not-using-wearable-devices-for-payment-in-europe-na/
