The Real Opportunities in Mobile Payments


Eventually, opportunities associated with value added services driven by data analytics and the growth of mobile money will converge.

Source: www.banktech.com

In developed markets, where most consumers have access to electronic payments, in the form of credit and debit cards, prepaid cards or deposit accounts, there is a well-established acceptance network that delivers a fast and reliable way to exchange funds. This established network is actually the primary reason why many new mobile payment services have failed to gain traction from a consumer perspective. The process for making payments electronically simply isn’t inconvenient for consumers today.

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