Bridging the Gap: Mobile Wallet UX and Adoption

Crednita 6


From answering email to checking account balances, today’s consumers use smartphones for everything. But there’s still one aspect of the digital lifestyle which is still lacking a true mobile user experience – digital payments. According to a February 2015 study from Placeable, only one in 10 consumers use a mobile payment option when it’s made available at the point of sale. Perhaps even more surprisingly, the same study confirmed more than 42 percent of Americans have never made a single purchase on their smartphone using a mobile wallet.

When it comes to widespread adoption, mobile payments continue to be held back for several reasons, including the user experience. Today, consumers are largely unfamiliar with mobile payments, including which platforms they should be using, how they work and the overall security of the technology. And this limited understanding has led to plenty of skepticism and confusion on the part of consumers.

Here’s a look at where the user experience is lacking in the mobile wallet space, as well as how retailers can help bridge the gap between mobile wallet UX and adoption.


As many in the industry predicted, tech giants such as Apple and Samsung haven’t been shy about entering the mobile payments market. In October 2014, Apple burst into the scene with its much-anticipated launch of Apple Pay. And last year, Samsung countered with a $250 million acquisition of LoopPay to help make its own mobile wallet solution compatible with standard magnetic stripe terminals.

Despite interest from major brands, as well as a number of smaller competitors, the market remains devoid of a mobile wallet solution that can stake its claim as the top dog. This fierce, but ultimately fruitless competition has been accompanied by inconsistencies in the user experience – confirming suspicions of fragmentation in the market.

From capabilities and design, to login and user registration, the lack of consistency among mobile payment platforms continues to slow down mobile wallet adoption among consumers. And not to mention the lack of available mobile-payment technology at today’s retailers, such as the acceptance of contactless payments and presence of POS systems.

Credntia 5Security

When you consider the amount of personal and financial information required to get started with mobile payments – from credit card numbers to security codes – it’s no wonder more than 60 percent of consumers list security as the number one barrier to adoption, according to an October 2015 report from Digital Banking Report. If consumers are concerned their personal information is at stake, you can bet they’re unlikely to side with mobile payment technologies. To ease concerns of security, mobile wallet providers must implement and improve measures to ensure consumers’ data and information is safe and secure.

Authentication processes like biometrics and Touch ID are designed to make authentication techniques more difficult to replicate, and can help to ensure security on the front end. In fact, a report from Acuity Market Intelligence found biometrics are expected to secure 65 percent of all mobile commerce transactions by 2020. Additionally, data encryption and cloud storage capabilities can secure information on the platform’s backend from hackers. Also consider solutions like tokenization. Instead of authorizing each transaction with a consumer’s credit or debit card number, a randomly-generated set of letters, numbers and symbols are created and shared. This extra layer of security helps to ensure that even if cyber-criminals manage to hack into a POS system, they won’t be able to get their hands on a consumer’s personal information.

Verification at Point of Sale

For most consumers, the ideal payments experience is defined by three key factors – speed, convenience and the ability to act on their own terms. Unfortunately, mobile wallets have failed to match these consumer expectations for quite some time. Despite their name, mobile wallets don’t provide a truly “mobile” experience, as consumers still need to carry a wallet or physical driver’s license to confirm their identity at checkout. When a valid form of ID is required to make a purchase, popular mobile wallet solutions such as Apple and Samsung Pay continue to fall short by lacking the ability for consumers to upload credentials to their platforms.

However, emerging technologies such as digital identification management systems, enable consumers to verify their identity at the point of sale without needing their physical wallet. Time previously spent rummaging through wallets and purses in search of some form of identification may soon become a thing of the past. At Credntia we are working to help bridge the gap between user experience and mobile wallet adoption by finally making it possible for users to switch seamlessly between mobile wallet or banking app and our app to complete their transaction. With digital access to a driver’s license and ID information, consumers will no longer have to worry about whether they remembered to bring along a physical wallet.

Market fragmentation has kept mobile wallet adoption rates at bay for much of the past few years. Greater consistency in the user experience across brands, increased security measures and the introduction of digital verification solutions for your identity like Credntia can help create a truly mobile experience for consumers. All are critical to seeing widespread adoption sooner rather than later.

Cody Winton Credntia HeadshotAbout the Author

Cody Winton is CEO and Co-founder of Credntia, the world’s leading digital identity management platform. An entrepreneur, developer and a social leader in the identity management space, Cody leads the company’s business in personal identity management systems and its culture of empowering people to be who they are in the world. To learn more, visit

Other Point of Sale news of interest:

Top 4 Features That Your Mobile POS Solution Must Have
How beacon technology can improve customer experience at the point of sale
Brick-and-Mortar Retail Stores Are Going Mobile
How Retailers Can Mobilize and Enhance the Customer Journey
Paypal Celebrates 10 Years of Mobile Payments
Making Online and Mobile Payments Hassle-Free