M-payments will not replace cash

Saran, Cliff
June 2003
Computer Weekly;6/10/2003, p27
Trade Publication
The concept of mobile phone-based e-cash replacing paper money is far from a reality and end-users are unlikely to demand this form of service. There are serious business and technical barriers to mobile payment systems. Operators are making the cost of mobile payments prohibitive. Phones themselves were not reliable enough to replace cash or cards because they tend to crash, they only work where there is a signal and they have limited battery life.


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