Payments on tap as apps trump cards
This article was first published on 8 January 2013.
Another great little article on the accelerating change in financial services. While we may always need what banks do, it doesn’t necessarily follow that we will always need banks. It’s interesting to note that the traditional banks failed to respond to the need for an online financial settlement system and ceded that market to PayPal. It will be interesting to see how the battle between incumbents and challengers plays itself out as the market for mobile payments evolves.