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.

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