Leave The Leather: Your Phone Is A Digital Wallet
Digital wallets have become the norm in Europe and the Far East but they are just now making inroads in the USA with many formats competing for the lucrative business.
Leslie Hale writing in adotas.com: ” there are a number of alternative digital payment technologies offered by banks, wireless carriers and merchant initiatives..Boku is capitalizing on the fact that only 2 billion people have credit cards, but 5 billion have mobile phones..Isis adds even more convenience to its solution by offering to eliminate the need to carry credit, debit, or reward cards, as well as tickets, coupons, or transit passes. ”
As more and more uses are found for digital devices, the trend to their use increases exponentially.