The future of mobile payments

July 9, 2011 | Source: Mashable
Google Wallet2

Goggle Wallet (credit: Google)

PayPal predicts that the wallet will be dead by 2015 and has acquired mobile payments provider Zong for $240 million.

The contenders include:

  • Google Wallet — for Android users.
  • ISIS — a coalition between AT&T, Verizon, and T-Mobile.
  • Visa Wallet — expected to handle multiple cards and payment options through many financial networks.
  • Serve by American Express — American Express customers.