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Unfortunately, for a customer today, paying with a phone has barely any benefits over paying with a credit card. Mobile payment systems need to offer more benef
by applecore 13y ago
Unfortunately, for a customer today, paying with a phone has barely any benefits over paying with a credit card. Mobile payment systems need to offer more benefits to people to get them to use them.
- OafTobark 13y agoI would gladly get rid of my wallet entirely just for the sake of not having to carry it around but there are other barriers besides an added benefits argument. For me, not having to lug a wallet around is benefit enough IF digital versions of my cards were available in my phone and it was accepted everywhere but this is not the case. In addition, to fully replace my wallet, things like my debit, Driver License, and anything else I deem necessary needs to be digitized too (to truly replace my physical wallet). Arguably the Driver License might be the hardest piece.
- mdaniel 13y agoI started to write up my theories on the benefits, until I realized that we already have enough problems with the whole M,V versus Amex versus (other) acceptance problem, so tossing in NFC (and don't forget, iPhone doesn't offer NFC) just increases the fragmentation problem. I wouldn't want to be low on fuel in Podunkville, MiddleAmerica knowing that Grandpa's Gas has never heard of NFC. Don't get me wrong, I wholeheartedly embrace the NFC payment system and hope it succeeds, but I recognize that your question is quite telling.