Mobile payments success for banks will depend on credibility

Future of Mobile Payments

The financial sector is working hard to distinguish itself in this industry where the competition is fierce. It wasn’t all that long ago that the financial sector – primarily banks and major credit card providers – were essentially the only consideration when it came to completing transactions, but the addition of mobile payments is drastically changing this environment. Buying goods and services can now be performed in a number of different ways, and banks aren’t automatically among them. Mobile payments – that is, paying directly through a smartphone or tablet…

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