Although much focus centres on the mega-companies, Netherlands-based independent payment solution provider Payvision predicts that heavily-funded, innovative start-ups will drive the global mobile payments revolution into the next phase, in alliance with financial institutions and global acquirers.
Irrespective of whether they are industry giants or small innovative startups, the company says key players will have to understand the great differences in regional consumer needs, concerns and user expectations.
Payvision explores the different m-payment methods, and the challenges stakeholders face to mitigate risk and overcome regional differences in order to gain consumer acceptance in its report “Mobile payment: shifting landscape. future in which cash is mobile” (www.payvision.com).
It also highlights hot, innovative, agile startups in payment industry with great promises in “bright future without boundaries”. M
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