Article

  Comment(0)

 
Share:    Email  

Mobile Wallets: Big Opportunity, Big Hurdles

John Adams

Wednesday, June 13, 2012 - 09:15

What's the role of banks in the new mobile payments model?

Sitting in front of a room full of bankers at the Mobile Banking and Commerce Summit in San Francisco, some of the biggest players in the burgeoning mobile wallet space wasted no time Tuesday tackling that question. The query itself suggested that banks still don't know enough about the power of mobile wallets and the potential benefits of partnering with their developers.

"Banks, telecoms and payment companies are part of the ecosystem as [participants]; at MasterCard, we want to work with ISIS, Google and banks," said MasterCard Worldwide (MA) Group Head and Senior Vice President James Anderson, who acknowledged the difficulty of a fully open mobile wallet model among stakeholders who will retain some propriety. "A single wallet is unlikely, at least in a free market."

The mobile wallet space also includes Google and banks such as PNC (PNC) and USAA, which is working on expanded capabilities.  
Read the full story by clicking the link below
http://www.americanbanker.com/issues/177_113/mobile-payments-wallets-opportunities-hurdles -1050....
 
Tags: Mobile Banking, Americas, MasterCard, Mobile Wallet, AT&T, PayPal, T-Mobile, USAA, Google, PNC, Verizon Wireless, Isis

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Google predicted to build a comprehensive digital wallet for mobi
2.Host Card Emulation Will Take A Byte Out of Your Wallet
3.Google Wallet vs. Amazon Wallet: Which mobile payment app deserve
4.The iWatch Could Be Apple’s Secret Weapon For Mobile Payments Re
5.Amazon to Enter Mobile Payments Arena?
6. INSIGHT-Mobile money grows in Africa but hurdles remain
7.Square announces new EMV chip reader for more secure mobile credi
8.Over 1 million cheques have been deposited on CIBC’s iOS and An
9.Amazon to invest US$2bil more in India as e-commerce race heats u
10.A New Technology Is Breathing Life Into The Stalled Mobile Paymen

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network