The US is behind in mobile payment, not that the demand is not there!
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We have been talking about the mobile payment for years. However, neither the 'old guard' in the US, nor Nokia and others (in spite of promises) was able to deliver.
It takes the new generation to push ahead. As the saying goes, “The future is here, it’s just not evenly distributed.”1 And it certainly applies to the smart/mobile platform.
Google announced that it will start its trial Google Wallet 'tap to pay' system with pilots in New York and San Francisco in cooperation with MasterCard and Citibank. And Square, the brainchild of Twitter founder Jack Dorsey (left), is moving ahead with its mobile payment strategy.
This article from TechCrunch caught our eye:
“Mobile payments startup Square is announcing big numbers—500,000 Square card readers shipped, 1 million Square transactions in May, and the startup is now processing $3 million in mobile payments per day. Clearly the company is on a roll in terms of traction and usage. And CEO Jack Dorsey is also revealing the next generation of Square. And Square is about to get a whole lot more disruptive.”