Mobile Payment is not a new concept in the commercial world, in the early 2000s when European mobile operators started launching GPRS-based data services they had targeted payments as a key opportunity. But, as with a lot of innovations that come before their time, the infrastructure was not fully developed, the services not completely streamlined and most importantly the customers’ behavior and mindset had not yet adapted to this concept. By the mid-2000s the mobile payment services were reasonably successful in Japan and South Korea – markets that are known to be early adopters of ICT and mobile technology.
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