Comments on: Why mobile payments will never take off http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BidnisMan http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47606 Mon, 08 Jul 2013 23:13:45 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47606 Never is a very long time, you know. For the average journalist it typically means no more than 12 months from now.

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By: sketharaman http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47602 Mon, 08 Jul 2013 13:36:06 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47602 Agree entirely with this article. In fact, I’d go one step further: Almost every mobile wallet – SQUARE, PayPal, Google Wallet etc. – in the market replaces only the plastic form factor of the credit / debit card. Below the surface, they all use the same old credit or debit card as the funding mechanism. So, mobile wallets don’t have a great outlook even in countries where cards are not ubiquituous because, if there’s no card, there’s no mobile wallet.

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By: riskebiz http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47573 Fri, 05 Jul 2013 01:07:20 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47573 The time saved and convenience is not at the till but the house as it is one or two less things to think about i.e. cash, credit cards, etc.

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By: riskebiz http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47572 Fri, 05 Jul 2013 01:05:22 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47572 The time saved and added convenience is not at the till but when you leave the house i.e. one or two less things to think about bringing – cash, cards, etc.

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By: Setty http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47571 Fri, 05 Jul 2013 00:13:50 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47571 Clinkle? Really? The infantilization of the USA continues apace.

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By: jomiku http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47568 Thu, 04 Jul 2013 14:50:26 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47568 1. You’re on the phone and want to pay. On most phones/providers, you have to end the call.

2. If you have multiple cards in your wallet, you choose which one, maybe based on its closing date or how much your balance is or points you can earn. That’s pretty easy if you reach in your wallet but harder on your phone.

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By: TweetingInterim http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47566 Thu, 04 Jul 2013 12:32:33 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47566 Comparing the success of mPesa in Africa with buying a coffee in the US is nonsensical Apples & Pears. Developing economies embrace the solution where there are no ATMs, bank a/c, credit check facilities. An obvious problem solved.

US/EU it is not whether mobile payments will take off but rather what problem are we solving / need highlighting? How about the Fast Track Q at the lunchtime Deli for those paying with mobile or actually spending those Loyalty points that have been gathering dust. Manage your finances, use your mobile bill for micro-payments. There are lots of clever ideas that will ensure the success of mobile payments.

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By: LaraMulady http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47565 Thu, 04 Jul 2013 10:42:35 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47565 I believe that mobile payments will take off, but only as a result of other services that sit next to payments. If a mobile wallet had payments, ticketing, vouchers, coupons, etc., then that would be incentive to replace your physical wallet with a digital one. There will be a tipping point in the not-so-distant future, I believe, that will mark a real shift towards our wallets being on our phones. It’ll become habit to store everything on our phone. Cards/payments/cash will follow as that’s all we’ll end up having in our wallets. And where’s the point in that?

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By: dsquared http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47563 Thu, 04 Jul 2013 05:58:59 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47563 Barclays in the UK makes a smaller version of its normal contactless debit card, precisely so you can stick it to the back of your phone.

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By: crocodilechuck http://blogs.reuters.com/felix-salmon/2013/07/03/why-mobile-payments-will-never-take-off/comment-page-1/#comment-47562 Wed, 03 Jul 2013 21:05:51 +0000 http://blogs.reuters.com/felix-salmon/?p=22202#comment-47562 +1 to all comments above, and to Felix: ’twas ever thus. Citi in the late ’90’s trialled an ‘e-cash’ product in the Upper East Side. The challenge was to get sufficient penetration at point of sale, e.g. laundromats, AND to get Citi customers to actually change their behaviour and use it. @_pop’s got it: focus on the acquiring (merchant) side……..

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