Mobile Payment - It's Only the Beginning
summary
Claims that NFC becomes the default contactless method within 3–5 years, backed by Apple Pay, tokenization and card networks; merchants will retrofit terminals to reach NFC standard in 3–5 years. Current reality: only about 5–6% of payments are online and 90–95% of transactions remain card‑present at point of sale. Deployed pilots include Jakarta bus NFC fares and Oyster‑compatible mobile passes in London; vision is instant in‑aisle checkout, real‑time couponing and loyalty tied to the mobile wallet while maintaining chip‑and‑pin–level security.
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chapters (5)
- 0:00Start
- 0:16Marcus Brown Is the Ceo of Wire Card
- 7:29Privacy Issues
- 13:44How Important Is Loyalty
- 16:28What Will We Be Able To Do with Mobile Payments
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