Banking and Payments Are Moving Into Pockets Everywhere

Banking and Payments Are Moving Into Pockets Everywhere
technology

Advancements by mobile payment systems like Apple Pay are helping digital wallets compete with traditional ones

Janet Burns
  • 14 january 2015

Since Google Wallet’s 2011 surfacing, PSFK has tracked the progress of the new mobile payment industry as it’s taken shape. As PSFK Labs noted last month, the recent emergence of competitor systems such as Apple Pay and Square Order has caused a surge in the popularity of mobile payments, a trend which may bring about the end of real-life payment and banking transactions.

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