Editor’s note: Alix Murphy is a mobile telecommunications industry professional with experience in electronic and mobile identity, mobile payments and international development sectors. She is a senior mobile analyst at WorldRemit.
Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to send money to friends via Messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are already lagging 10 years behind.
I’m not just talking about Google Wallet or Square, both launched in 2011, or wallets like MasterPass and Visa’s V.me, all of which have struggled to gain traction among both consumers and merchants. The latest report by InfoScout and PYMNTS.com revealed last month that 85% of iPhone 6 users still have never tried using Apple Pay, despite enthusiasts’…
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