Last Update 28/05/2014 06:18
As mobile payment apps move forward with third party entities like PayPal or their own internal accounts, banks themselves have been slower to catch up. More consumers are using smartphones at the checkout counter instead of plastic cards. More retailers are equipping their stores with mobile payment accessibility. More phones are being sold with mobile payment capabilities. Yet, despite the rapid growth in mobile payment use, banking apps remain with third-party middlemen or credit companies, leaving banks at the back of the checkout line.
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