Digital Wallets Take Center Stage at Cell Phone Show

Cash, coins and credit cards are so Twentieth Century. At least, that's the opinion of the electronics manufacturers, phone companies, banks and credit card issuers that expect cellphones to be the main way consumers pay for purchases in the not-so-distant future.

 

The trouble is, that vision-of-tomorrow is somewhat blurry, as evidenced at the U.S. cellphone industry trade show held this week in New Orleans. There are a lot of ideas, but little agreement.


The stakes, however, are high.


"Eighty-five percent of the world's transactions are still made with cash and checks. We have a wonderful opportunity to convert those," said Gary Flood, MasterCard's president of global  products and solutions, in a keynote speech at the show.

 

Read Full News


Resources for YOU:

Bookmark and Share

Write a comment

Comments: 2
  • #1

    drug rehab centers (Wednesday, 16 May 2012 15:34)

    nice post

  • #2

    iPhone 6 plus wallet cases for men (Thursday, 08 January 2015 05:37)

    It's no secret that phablets have become the latest trend and Huwaei's Ascend Mate 7 and Apple's iPhone 6 are the top contenders for the most popular one.

Help

tumblr visitor stats