At the CTIA conference this week, leading financial services companies participated in a panel session about mobile financial services - "“Mobile Money 101: The overview course on what’s now and what’s next” . The panel was moderated by Tom Wills, senior analyst at Javelin Strategy & Research. The panelists included representatives from MasterCard, PayPal, First Data, and ClairMail. The panel was a lively one with different perspectives shared about the future of mobile financial services based on what role each panelists plays in the industry’s ecosystem. For instance, "MasterCard is investing heavily in mobile because the company believes the channel is a game-changer for financial services."
LAS VEGAS – While CTIA panelists were all bullish about the prospects for mobile financial services, their visions of the future of mobile banking, commerce and payments differed based on where they sit in the ecosystem.
Moderated by Tom Wills, senior analyst at Javelin Strategy & Research, the panel “Mobile Money 101: The overview course on what’s now and what’s next” spurred lively debate about the role of banks, carriers and credit card issuers, the future of mobile payments and whether or not NFC would reach the mass market as a transaction mechanism.
“We have run numerous mobile payment trials around the world, and it is on the cusp of commercial deployment,” said James Anderson, vice president of the center of excellence for mobile at MasterCard Worldwide. “Consumers want the experience and see value in the experience of making payments using their handset.
“The thing that has kept MasterCard pushing away at mobile payments is the consistently positive response we’ve received from consumers,” he said.
MasterCard is investing heavily in mobile because the company believes the channel is a game-changer for financial services.
Article
Email
Related Mobile Financial News
