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The Telecom Digest for April 30, 2014
Volume 33 : Issue 69 : "text" Format
Messages in this Issue:
Mobile payment systems fail to take off with consumers (Monty Solomon)

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Date: Tue, 29 Apr 2014 00:02:05 -0400
From: Monty Solomon <monty@roscom.com>
To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org.
Subject: Mobile payment systems fail to take off with consumers
Message-ID: <p06240824cf84d45cbbab@[172.16.42.3]>

Mobile payment systems fail to take off with consumers

By Brian X. Chen  | NEW YORK TIMES
APRIL 28, 2014

SAN FRANCISCO - Millions of Americans use smartphones for tasks like 
hailing a taxi or checking in for a flight. But for buying something 
in a store? That mostly remains a tech entrepreneur's dream.

For years now, the promise of a mobile wallet - in which paying in 
person can be as simple as hitting a button on a phone - has led to a 
host of US startups trying to cash in.

Those companies, though, have faced nearly as many hurdles as they 
have competitors, including the most basic ones: Many people are not 
aware of the new payment systems, others are confused by the many 
choices, and some see no benefit in the mobile option over using cash 
or credit cards.

The hurdles have left all the payment companies scrambling to find 
the code for a profitable business model. And now, a feeling is 
growing that mobile payments systems will not replace traditional 
wallets, at least anytime soon.

...

http://www.bostonglobe.com/business/2014/04/27/mobile-payment-systems-fail-take-off/LTYGTCqyzkZ9dOkmeTNpGN/story.html






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