Thanks to Ged, I picked up on the MoMo Global post about Jupiter's report on too many initiatives in mobile payments are slowing development - will have to send this to GSMA and see if they agree that!
Yesterday the Sunday Times had a feature on how GSMA and Mastercard were going to bring credit cards to the phone by this time next year! As I said last week I don't think so. Catching up at the London MoMo event this month with some who have been working on mobile payments for the last few years they said that the depressing thing is that the US are driving a number of trials that failed in Europe FIVE years ago.
I believe that payment services are key to the mobile industries long term growth. In South Africa they launch of M-Cash on the MTN network has seen a shift socially with an underclass now able to access banking services as well as payment of welfare services. In Europe I see M-Payment as something that could move the customer base from prepaid to postpaid services. Such a transition would be allow the networks to control costs, in the UK £4Billion is sent each year by networks on SAC. It could also mean that if we are to progress down the NFC route are handset can become much more than phone. What about using the handset as a key for example, such a development could see me gain access to my house, start my car and enter offices.