Hurdles, opportunities for banks in mobile payments

Hurdles, opportunities for banks in mobile payments

«Consulting firm KPMG International has issued new survey data collected as a part of a report on banks and mobile payments. The report, called «Monetizing Mobile: How Banks Are Preserving Their Place in the Payment Value Chain,» says that 84 percent of the respondents from the banking and financial services believe mobile payments will have significant importance to their business within the next one to four years. Nearly a quarter (73 percent) of those same execs think mobile payments will be «mainstream» within the next four years.»

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