The mobile wallet already exists! It’s called mobile banking

With more than 100 mobile wallet companies currently active in the US – no winner has emerged. Why not? We explore the mobile wallet and mobile banking in this white paper.

The concept of the mobile wallet is not a new one, but many companies offering mobile wallet apps and services have met with failure. Financial institutions may hold crucial knowledge as to what is needed for a successful payment scheme and may also be well placed to use this to their own advantage as part of their own mobile banking strategy.

Head of Strategy and Innovation, Simon Cadbury, explores: – What is a “mobile wallet”? – Why customers are not currently attracted to these services – What is needed for a successful payment scheme – How financial institutions could offer a solution.

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