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Who's Ready For Mobile Payments? The U.S., Canada...And Kenya

Theodore Iacobuzio

Tuesday, May 8, 2012 - 09:08

MasterCard launches the MasterCard Mobile Payments Readiness Index (MPRI), which assesses and ranks 34 global economies in terms of how ready (or not) they are for mobile payments of three types: M-commerce, POS, and P2P.

We are on the verge of one of the biggest changes in decades in how we pay for goods and services. For the first time since the 1980s, what we call the “form factor” – the physical device that initiates a financial transaction – will shift to new technology. Smartphones and tablets are becoming an integral part of people’s daily lives around the world and soon will replace the familiar plastic cards we all carry. In fact, your smart phone willbecome your “wallet” – replacing a host of cards, coins and cash. But are we ready for this shift, and if so, how can we chart this technological, fiscal and consumer evolution around the world?

Today, we launched the MasterCard Mobile Payments Readiness Index(MPRI), which assesses and ranks 34 global economies in terms of how ready (or not) they are for mobile payments of three types:

Read the full story by clicking the link below
http://www.forbes.com/sites/ciocentral/2012/05/07/whos-ready-for-mobile-payments-the-u-s-c anada....
 
Tags: Mobile Commerce, Mobile Payments, Global, Safaricom, MasterCard, P2P, POS

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