Consumer use of cash and checks are declining, use of debit cards and other payment systems climbing, while use of credit cards is flat, according to Nilson Report data.
That explains, only in part, why there now is interest in mobile payments.
Monday, January 31, 2011
Payment Methods Changing
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mobile payment
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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