"The hurdles have left all the payment companies scrambling to find the code for a profitable business model. And now, a feeling is growing that mobile payments systems will not replace traditional wallets, at least anytime soon.Few Consumers Are Buying Premise of Mobile Wallets - NYTimes.com
“There was the assumption that there was going to be some sort of spark that ignited the marketplace, and there was going to be a mobile payments revolution,” said Denée Carrington, a Forrester analyst who studies the mobile payments market. But people do not mind paying with cash or a credit card, she said.
“So this was never going to be a revolution,” she said. “It’s definitely more of an evolution.”"
Monday, April 28, 2014
Few Consumers Are Buying Premise of Mobile Wallets - NYTimes.com
A timely payment system reality check