dticorp
Joined: 19 Aug 2006
Posts: 1716
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| Posted: Tue Mar 30, 2010 4:58 pm Post subject: Which Payment Platform Will Dominate Mobile? |
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Which Payment Platform Will Dominate Mobile?
A recent study found that consumers are getting more comfortable with mobile shopping, and you best believe that will only continue, as people continue to spend more of their web time on their phones. So as everybody reaches for their mobile devices to make payments, which platforms are they going to use?
PayPal hopes to stay in the drivers seat in this area. WebProNews interviewed Francesco Rovetta, director of business development for PayPal Mobile at SXSW a couple weeks ago, who talked a bit about PayPal's vision for mobile.
PayPal is certainly not the only player in this space though.
O'Reilly Media Founder Tim O'Reilly has posted a fascinating piece on the "State of the Internet Operating System," which explores in depth, just what the phrase operating system means in the age of the cloud, and the mobile web. While he talks about this with regards to search, media access, communications, identity, advertising, location, and a slew of other categories, one section of this lengthy article talks specifically about payments.
"Payment is another key subsystem of the Internet Operating System," he says. "Companies like Apple that have 150 million credit cards on file and a huge population of users accustomed to using their phones to buy songs, videos, applications, and now ebooks, are going to be in a prime position to turn today's phone into tomorrow's wallet. (And as anyone who reaches into a wallet not for payment but for ID knows, payment systems are also powerful, authenticated identity stores - a fact that won't always be lost on payment providers looking for their lock on a piece of the Internet future.)"
Rest of the article here:
http://www.webpronews.com/topnews/2010/03/30/which-payment-platform-will-dominate-mobile
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