Friday 25 April 2014
Tough Realities Persist In Mobile Payments
From ReadWrite
“You're out running errands on a Saturday morning. You’ve spent the day shopping for new clothes to add to your new spring fashion. On your way around town, you probably stopped for coffee, a sandwich or a pack of gum. You may even pop into the hardware store to grab some nails to hang a painting at home, or the local Wal-Mart or Target to get a new laundry basket. So what do all of these activities have in common?
You’re spending money.
As you're completing your errands, you're performing the same action at any given stop. When it's time to check out, you reach into your pocket and pull out your wallet. You hand a debit or credit card to the cashier, or maybe cash. Chances are, you're not reaching for your smartphone to pay.”
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Labels:
banks,
financial innovation,
mobile payments,
payments