The safety risk is the main obstacle for the spread of mobile payments

The security risks associated with the smart phone platforms are the main obstacles to the widespread of mobile payments – shows the study of Boston Fed (central bank) – portfolio.hu writes after banktech.com.

The study referring to the datas collected by the Javelin research firm mentions that 66 percent of the smartphone users did not use code protection in their phones. Beside the weak defense, they store their personal login datas in their phones, further increasing the risk of a potential abuse.