... slow loading times (32%), payment process being too complicated (27%) and difficulty with navigating the checkout process (26%).
The online study, conducted by Harris Interactive, identifies the driving forces of purchase and account opening abandonment as well as security concerns relating to transactions on mobile devices.
These factors continue to be a major issue among mobile device users, despite consumers’ increased reliance on mobile and the growing awareness of hindrances to mobile sign-ups and checkout.
The 2015 Jumio Mobile Consumer Insights Study found that more than one-half of UK smartphone owners (55%) have abandoned a mobile transaction.
According to the UK's Office of National Statistics [ONS], mobile commerce revenues reached £15bn in 2014.
In addition to a majority of survey recipients abandoning transactions, the ONS study also found that nearly a quarter (24%) of consumers quit their attempts at opening an online gaming account, while 25% of attempts to open a financial services accounbt likewise bit the dust.
Comments Marc Barach, Chief Marketing Officer at Jumio: “As mobile transactions continue to skyrocket, so do abandoned purchases, incomplete account openings, and lost revenue.”
Mr Barach also observed that: “Businesses have heeded the warning and are finally prioritising mobile checkout experiences, underscored by the ten percent improvement in abandonment rates over the last two years.”
“But, experiences are still far from being as seamless as they need to be in order for retailers to stem the tide of lost opportunity and put a potential £6bn back in their pockets.”
Read the original unabridged Jumio.com article.