Pay-by-fridge: Canadians ready for mobile money and more

Pay-by-fridge: Canadians ready for mobile money and more

Forget mobile payments, many Canadians are ready to shop through their internet-enabled fridges and chips implanted in their fingers.

With mobile money back on the agenda thanks to the recent Apple Pay news, a PayPal-commissioned survey of 1504 Canadians shows solid adoption.

Nearly half of respondents think that Canadians are ready to embrace payments via mobiles and wearable devices, while 29% have already used their handsets to make online purchases on the move, and 23% have paid in-store using their phones.

Those that do use mobile payments tend to like them, with 65% of respondents agreeing that the process is quick and effortless. Almost half wish that they did not have to carry both their wallets and phones and a quarter admit to getting frustrated when people using cash or cards hold up the line at the till.

Some Canadians are ready to go further, moving beyond the need to carry any device, be it cash, card or phone. More than a third say that they would use an Internet-enabled car that paid for gas at the pump and 22% want a net-enabled fridge to pay for groceries straight from the store.

Just over a fifth would use facial recognition or retina scanners to pay in-store and 18% would even get chips implanted in their fingers for the ultimate contactless payments.

Cameron Schmidt, GM, PayPal Canada, says: "Our users are already online and mobile savvy when it comes to shopping and will likely be among the first to adopt and pay using the latest devices like smartwatches and digital wristbands and future-forward options like Internet-enabled vehicles and appliances."

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - SME - Fintech startups (APAC and Africa) - India 28 October, 2014, 20:10Be the first to give this comment the thumbs up 0 likes

Thanks for the survey findings. It looks Canada can be starting place for large scale IoT and wearable payments.