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Tuesday 22 October 2013

Mobile wallet progress stalled in 2013, but could heat up in 2014

From ABA Banking Journal

“Multiple technologies vie for customer acceptance. With an annual U.S. retail point-of-sale market of almost $4 trillion up for grabs, the stakes are extremely high. But slow adoption, lack of merchant enthusiasm, fragmented offerings, and blocking by competitors has resulted in stalled growth for mobile wallets, according to research by Javelin Strategy & Research.

The report provides competitive analysis of 12 major mobile wallet providers, breaking down the main changes of each provider over the last year and measuring their attractiveness in the eyes of consumers.”

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