Mobile phones threat to banks end to credit and cash cards. Mobile payment systems
www.globalchange.com Mobile phone companies could threaten banks with mobile payment systems. End to credit cards, cash cards and other traditional banking methods. Micropayments already used for foreign exchange transactions. Banking will grow using PDAs and other mobile devices. How banking industry will look for new partnerships with mobile phone operators and device manufacturers. Future of financial services mobile device marketing of loans, insurance and mortgages. How telecom companies will be able to offer free handsets and unlimited calls sms / data use if users stop using credit cards or cash cards for most payments. Comment by Futurist keynote conference speaker Patrick Dixon.
Tags: threat, Cash, banks, Mobile, Credit, Cards, systems, payment, phones
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The vision is true. Definately tomorrow the credits will be passed through the mobile phones. However, it will never cause banks to the end, on the contrary the cell phone companies trying to compete banks will end. And the banks inturn will reshape themselves into becoming cell phone manufacturers, by adopting the technology or by giving manufacturing contract to some “Mr. Nobody” cell phone manufacturing company. And then “Mr. Nobody:” becomes the market leader in cell phone manufacturing!
Thanks for continuing this subject from when the RBS guy told you to move :)
Very interesting area for me since I’m in the financial industry.
Look forward to more.
Thanks very much - loads more to come soon on technology and mobile phones, banking and so on.
thanks for the new videos patrick!
Do comment and rate this video - stars above left - so that others can find what is helpful. I will do my best to reply. Patrick