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The end of credit cards ? Payment by phone direct to banks.


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http://www.theregister.co.uk/2014/01/15/zapp_mobile_payments/

 

If you work in the industry, you would say that this was to come in the future, but this is almost a reality now. Even though the technology has existed for a very long time.

 

The comments about the credit card usage is definitely one for food for thoughts.

 

Customers will want to see a real benefit, and remember it took credit cards the best part of 50 years to go from launch to mass market, and chip and pin took a good 10 years to get established. Meanwhile mobile payment solutions come and go daily... expect another one tomorrow.

 

Would you make payment by phone ? What if you used a touch screen, and one click you bought a lot of stuff that you did not mean to ? :hihi:

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