Mobile wallets may fall without universal standards

mobile wallets

Mobile commerce grows as demand for NFC technology rises NFC technology has managed to bring mobile commerce into the global limelight. Because the technology is capable of transforming nearly any mobile device into a payment platform, it is often credited as bringing more convenience to the world of commerce as a whole. Several technology companies, Google included, have developed mobile applications that are meant to store a consumer’s financial information in order to better facilitate mobile payments. These apps are called mobile wallets and they may not have a future…

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