Using your phone to pay is convenient, but it can also mean you spend more

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Using your phone to pay is convenient, but it can also mean you spend more

The Apple Pay app on an iPhone in New York. Consumers tend to spend about 10% more when they adopt mobile contactless payment methods, a researcher says.

Consumers tend to spend about 10% more when they adopt mobile contactless payment methods, according to research from Assistant Professor Yuqian Xu at UNC-Chapel Hill.

(Image credit: Jenny Kane)