Doubled?? I think most of us need four fold just to break even!
I'm hoping MONI is going to be my sleeping giant of a share, one day I'll have a look and it will have doubled, we all know they are in the right space with the right technology but are they making the right moves? GLA
You are not wrong. Apple Pay does just what it says - it lets you PAY for stuff. It won't move money from your stock account into savings account and such. If you truly want a mobile solution - where you can move money around, pay a friend, pay a bill online, etc - you will need an app linked to your money (which is usually in a bank) This means that banks need to get their act together! All these payment solutions are fine and dandy - but they are not mobile money solutions. Which points directly to the takeaways at the RSA conference. The "too big to fail" banks are always behind. Then they play catch up when they start losing. I liken it to this process. 20 years ago when I paid bills online - I'd have to go to each individual website, log in, put in my payment method and pay the bill. Every month when I paid bills, I would send an email to my bank telling them to get it together or I was switching to a bank that offered me one place to make my payments. Eventually, they did. Now, when I pay bills, I go to ONE website. My bank. I set up all my bills to be paid through them and I can pay all my bills in a few minutes just opening my bank webpage. Mobile money seems to be on a similar path. Consumers will be dragging some of their less forward thinking banks kicking and screaming into the mobile money age. Banks that get it together sooner - may gain a bigger market share.
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