Banks are revising their approach to mobile payments

Mobile Payments market trends

US banks are changing the way they look at mobile commerce Banks in the United States have shown strong interest in mobile payments, but not those being made in physical retail stores. With the launch of new mobile payment services, such as Apple Pay, many banks have taken steps to become more mobile-centric, offering more support for mobile commerce and mobile banking. Many banks do not see the value of in-store mobile transactions, however, as a minority of consumers actually use their mobile devices to pay for products in a…

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