you are certainly right, the RFID technologies is necessary inside the shops. You need a offline possibility to pay with a mobile phone. Nervertheless I thing the mobile payment market will start by java application in java phones. If the integration and the configuration of mobile phones will be easier the payment method will start asap

Rolf

you are certainly right, the RFID technologies is necessary inside the shops. You need a offline possibility to pay with a mobile phone. Nervertheless I thing the mobile payment market will start by java application in java phones. If the integration and the configuration of mobile phones will be easier the payment method will start asap

Rolf

That’s an interesting attitude to strike by the Banks. Some (including me) would suggest that it’s also crazy.

Users aren’t going to think that they use their mobile for transactions of $10 or less and then use their credit cards for the rest. If they start using their mobile, they’ll probably start to use it for all transactions.

So, to allow the mobile channel to develop without being involved is like a country giving its neighbours the nuclear bomb. Then complaining when they aim it at you.

Speaking of crazy…G Cash is a great idea, so why don’t other operators adopt it. Kids are always running out of credit and being able to beg, borrow or steal it from friends and parents would surely just increase traffic.

Russell

In doing the research and talking to SIMPAY as well as the Mobile Networks it was interesting to see that they all talk about Mobile payments as something that increases traffic rather than makes money in its own right. My research also said that the stand out service is G Cash in the Phillipines which has excellent usage both locally and internationally with users able to transfer credits and pay taxes using the service.

In particular, he points out that the solution will probably be something to do with RFID. I think he’s right and actually intended to write about that too, but forgot!

Oliver – did your man turn down The Beatles in a previous life?

My biggest missed opportunity was in 1994 when I was just getting into the net. I was also fascinated in car boot sales in the uk – 20,000 of them were happening every week. I was convinced there must be a way to use the net as an alternative.

So close to inventing eBay and yet, so far

Russell

At one point in 2000 when I was with a company now called FSV Payment Systems, I suggested to their CTO (I was CIO) that they consider a joint venture with PayPal. At the time, PayPal had around 20,000 accounts.

The CTO told me in no uncertain terms that I was off my rocker to even suggest it, that no webmaster in his right mind would EVER put something like that into their site. Moreover, he suggested that unless an innovation was driven by MasterCard, Visa or AMEX, it would get no traction at all.

FSV is now in grocery stores, courtesy of their relationship with CoinStar, and you’ve never heard of them, whereas PayPal is well…I don’t need to tell you.

Oliver Starr
http://qconverge.blogspot.com