Thursday, May 31, 2012

Mobile Payments Battle Heats Up

Battle Heats Up Over Mobile Payments
Wall Street Journal (blog)


Battle Heats Up Over Mobile Payments

The services illustrate the battle that is taking place over who will own the mobile payment space. Card issuers, banks, mobile network operators and even handset makers are increasingly fighting to take a share of the market.  Holders of “Amex” cards can unlock location-based offers from a host of high street brands. Savings are automatically credited by American Express to the account.The announcement comes as rival pay service PayPal has also launched a mobile payment system in the UK The services illustrate the battle that is taking place over who will own the mobile payment space. Card issuers, banks, mobile network operators and ...

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