The Mobile Device RevolutionTheodore Iacobuzio |
First there was paper money. Then banks began issuing checks. Soon thereafter, credit cards were issued. This led to debit and prepaid cards. Now, we are seeing a new form factor rise up. It’s taking the shape of a device that more than four billion people know and use – the mobile phone.
Yes, NFC is a hot topic – especially in the developed world. But mobile plays a larger role than that. In my latest paper, Will the Mobile Device Revolution Drive the Globalization of Payments? I describe how mobile provides huge benefits to consumers in the developing world based on its ability to provide financial services to unbanked populations. Hear what I have to say about mobile payments.
I’d like to hear what you think about mobile payments, its potential, and what it could do for the global population. Let me know your thoughts by providing a comment and let’s have a dialogue.
Topics: Payments Strategy