Aiming To Mobile Payments

Mobile payments is on the edge to spring in the next few years. For the longest times, the different actors of this industry (phone manufactures, banks, phone networks, chip producers and retailers) and this was the reason why it has never really developed. Let’s not forget the technology is pretty old. Indeed, in Asia, mobile payment is pretty common, and most of vending machines and stores are equipped (Japan has always been an advanced market for new technologies and foremost mobile ones).

Now a lot of signs are showing that the time has come for mobile payments to skyrocket:

• AT&T, Verizon and T-mobile joined their force in the US market to propose a unique solution.
• Blackberry has launched on their new device an NFC feature, which will allow users to pay thanks to their phones.
• Coca Cola is experimenting in Belgium vending machines with mobile payments.
• Carrefour and other large retailers have equipped their stores with contactless mobile payments devices.
  This morning I have watched a show about it, which shows that the idea is going main stream.
  Of course, a lot of questions remain unanswered, about security… But all the actors are working on it, and I am sure it will eventually being fixed.