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Tuesday, 3 December 2013

No single company dominates mobile wallets so far

 
From ABA Banking Journal

“PayPal, however, seems positioned to break out of the pack.

The stakes are high for the adoption of mobile wallets with an existing U.S. market of over $4 trillion up for grabs, but no single company has been able to crack the code for mobile wallets, says Javelin Strategy & Research.

It analyzed the current strategies of the five existing contenders, Apple, Google, Amazon, Facebook, and eBay's PayPal, versus those of the major payment networks, largest financial institutions, and top mobile network operators.”

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