Re: who will win in mobile payments?

In asking, who shall pay for this network? When mobile devices replace 
credit cards, the fee collected on each transaction will belong to those 
who operate the network.

This is not an inconsequential amount of money.

It is very likely these additional revenue streams will reduce, not 
increase, the cost for service.

Ken DiPietro
Cumberland MD

On 05/21/2015 09:07 AM, Arun Mehta wrote:
> Its the money, stupid. Someone is going to create that app, that 
> hardware, get the right backing, and we will stop carrying all those 
> coins, notes and even credit cards around. Is this the right 
> direction? It seems to need the phone to be around, which is a bummer. 
> Just a band around the wrist -- I could see myself wear that. It 
> should work without the phone being around too -- that way the masses 
> could afford it.
>
> Which of you wears a wrist band, or is developing technology around 
> it? I've written a free app, Quartet, that converts phone movement 
> into music and graphics -- I'm looking at  the wearables now.
>
> Arun Mehta
>
> http://timesofindia.indiatimes.com/tech/tech-news/Xiaomi-Mi-Band-wearable-to-support-mobile-payments/articleshow/46793726.cms
> Xiaomi Mi Band wearable to support mobile payments
>
> Xiaomi and Ant Financial, an Alibaba affiliate which includes China's 
> most popular online payment service Alipay, will enable the Alipay 
> Wallet mobile app to link with Xiaomi's Mi Band smart fitness 
> bracelet. That will let users smooth the process of making payments, 
> bypassing the need for passwords.
>
>
>
>
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