The future of mobile payments
July 9, 2011 | Source: Mashable
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.
Comments (1)
by velocity_wave
“PayPal predicts that the wallet will be dead by 2015.”
Of course it’s in PayPal’s interest to prematurely proclaim that the end of cash is upon us.
But never underestimate the human need to sometimes deal in cold, hard, good old fashioned untraceable cash! Cash will be with us for a long time to come.