0
Wireless

Mobile wallets growth stalls in 2013

Thursday 26 September 2013 | 09:28 CET | News
Slow adoption, lack of merchant enthusiasm, fragmented offerings and blocking by competitors have all resulted in stalled growth for mobile wallets, according to a report by Javelin Strategy & Research. More mobile wallet players have been competing for less space in 2013, as small and large competitors position themselves in anticipation of coming growth in the area. The largest movement has been in digital wallets, with growth in mobile app and mobile online payments dwarfing that of mobile proximity payments.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Amazon / Apple / Facebook / Google
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Google Wallet is sterker zonder NFC

Published 25 Sep 2013 14:23 CET | United States
Google heeft de Google Wallet app vernieuwd. Hij ondersteunt nog steeds NFC, maar biedt nu ook de meer conventionele optie om een ...

French banks set to launch Paylib e-wallet service

Published 20 Sep 2013 09:05 CET | France
French banks BNP Paribas, Societe Generale and Banque Postale have presented Paylib, an e-allet service that will enable ...

Bangladesh Commerce Bank picks F1 for remittance software

Published 20 Sep 2013 03:08 CET | Bangladesh
F1Soft International has partnered with Hypertag Solution to provide mobile wallet and remittance technology to the Bangladesh ...

Standard Bank launches mobile payment service

Published 16 Sep 2013 16:42 CET | Kenya
Standard Chartered announced the launch of 'Straight2Bank Mobile Wallet', its new mobile payment service for corporate clients in ...

Vivo to launch NFC m-payments in 2014

Published 12 Sep 2013 14:28 CET | Brazil
Brazilian operator Telefonica/Vivo will launch a mobile payment solution in the beginning of next year that works using NFC ...

Will biometrics propel mobile payments forward?

Published 29 Aug 2013 15:26 CET | World
According to a recent Frost&Sullivan statement, biometrics can lead to more security on mobile phones, thereby enhancing for ...