Piers Fawkes: Will Pay-By-Phone Be An Albatross For The Banking Industry?
The rush to adopt the technology seems to mirror the electronic industry's desire to force 3D TV on viewers.
I’ve noticed that Europe is witnessing a lot of acitivity when it comes to large financial organizations getting into the pay-by-phone space. Recently PSFK reported the launch of the Pingit service from Barclays Bank. The service would allow customers to send money to each other easily using their phones.