Now carriers are starting to realise what we all know already.
“The biggest U.S. wireless carriers, AT&T Inc, Verizon Wireless and T-Mobile USA, are not setting up a separate network for payments on transactions done by phones, the Wall Street Journal said.
“Setting up a separate network would have been too difficult and time consuming, two people told the WSJ.” http://www.reuters.com/article/2011/05/04/us-wirelesscompanies-idUSTRE7430OR20110504
Isis, a joint venture in the US between Deutsche Telekom AG’s T-Mobile USA, AT&T and Verizon Wireless is abandoning plans to set up a separate mobile network bank system to take market share from Mastercard and Visa.
If you are interested in growing or investing in successful, profitable businesses, you will kick yourself, really hard, if you miss:
- BLN Money in Mobile, June 14th – http://moneyinmobile2011.thebln.com/ – How companies make money in mobile.
- BLN Growth Forum, July 5th – http://growthforum2011.thebln.com/ – For grown-ups running growth businesses.