The demand for mobile transactions is gaining speed. Proposed mobile-payment solutions such as Google Wallet and Apple’s embedded NFC (near field communication) payment system for the next-generation iPhone have received a lot of hype. What's reality though? Where does the opportunity really lie and for which industries? Is new mission-critical infrastructure required?
In the developing world there is no large established payments infrastructure, literacy rates vary, bartering is still an accepted payment mode in some countries and new consortiums, trials and ideas are happening every day. So what does the future hold? Two of our HP Integrity NonStop experts in the area of payments discuss areas of transformation and speculate on what might be next in this Q&A interview.