Telcos to Lose to MasterCard and Visa
Telco-led mobile payment initiatives will increasingly lose ground in 2013, with established financial players such as Visa and MasterCard consolidating their position in payments - poll of around 200 global executives and developers in the mobile industry conducted by US-based Chetan Sharma Consulting.
The survey found that, although hopes were initially high for operator led initiatives such as the Isis consortium featuring the major US telcos, enthusiasm has now tapered off. Nearly 40% of those polled though that the financial companies would dominate the mobile payments/ commerce space in 2013, compared with the 30% prediction for the 2011 predictions, and 38% for 2012.
Do you agree, or are Telcos too far ahead.