EE and Monitise give their thoughts on the future of mobile wallets | Mobile Networks | Mobile Entertainment

EE and Monitise give their thoughts on the future of mobile wallets

EE and Monitise give their thoughts on the future of mobile wallets
Phil Tottman

by

Networks / EE / September 18th 2013 at 2:30PM

M for Mobile chat to EE, BNP Paribas, Monitise and Aimia about market challenges and opportunities.

The Mobile Wallet Summit is coming up in November in London, with companies such as McDonald's, Barclaycard, House of Fraser and Starbucks already signed up.

There is currently major activity surrounding the development of mobile wallets, with interest in the market coming from banks, merchants, carriers and payment providers.

M for Mobile recently spoke with the go-to representatives at BNP Paribas, Aimia, EE and Monitise to get their thought on the challenges and opportunities of the current market, and expected movements over the next 24 months.

Get the full Mobile Wallet Briefings here.

The Q&A includes exclusive insight from these four mobile payments pioneers on: 

What needs to be done to make a mobile wallet stand out?

What needs to be integrated into wallets to make them appealing?

Thoughts on the importance of partnerships, and knowing the enemy to capitalize in this marketplace.

What needs to change to make progress faster in mobile wallet development and customer uptake?

How mobile wallets will look and work in two years' time and what will be the single biggest change from how they work now.

John Van Der Hayden, BNP Paribas, said: “We’ll see the wallet become something much more than payments. For example, you could also use it to show that you are over-18 on a web site. The phone increasingly will be about identity services, and providing users with a way of sharing information about themselves--their bank account details, for example.”

All the executives interviewed in this briefing are speaking at the upcoming Mobile Wallet Summit Conference in London, 6-7 November.  They'll be joined by 200+ companies  within the mobile wallet ecosystem.

More information on The Mobile Wallet Summit can be found here.