Being a contender in the mobile payments space is becoming a coveted position by large and small businesses. A largely fragmented sector with several unexpected turns over the years, the digital wallet battlefield has recently been showing signs of maturation, which tells us that the market is starting to consolidate and that prominent players may soon emerge.
Since the inception of mobile payments, there has been a lack of a cohesive solution by key players in the space. For example, businesses and payment vendors are at odds with the banks over sharing transaction revenues. And now cellular providers are creating a proprietary solution to avoid dealing with Apple and Google. As we leap into 2015, mobile payments are expected to become mainstream within the next 12 months, and the market has already begun to straighten out.
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