1. You’ll never leave home without it
According to the Capital One Wallet Survey conducted in November, more people would turn around and drive back home to get their phones (78.1%) than their wallets (70%). Only 62.6% of the nearly 2,000 surveyed would go back to get their driver’s license.
2. Thwarting thieves
The virtual scratch in your mobile wallet is more secure than the cash or cards in your billfold or pocketbook. While stolen cash can’t be recovered (unless you’re insured for just such an occasion), many mobile wallets secure your card transactions by not transmitting the number.
3. Your phone is not your wallet
Losing your phone is a massive bummer, but it’s not the same as losing your wallet. Many smartphones, including those with the Android and iOS operating systems, let you locate, lock or wipe data remotely from your missing phone. Even if you neglected to set up a passcode to unlock your device, your mobile wallet won’t work without a passcode or your fingerprint. Read more
In collaboration with Capital One