Re: BTM In Practice – Mobile Credit Cards In Action
This is a post in reply to Andrea Banzon’s blog post on the concept of mobile credit cards.
Allowing smart phones to substitute a wallet could be the new and upcoming form of business technology management. Mobile credit cards is a viable and inviting technology for customers. It makes for easier payment processes. Consumers will no longer need to lug a wallet around but instead just bring a smart phone around to pay for purchases. A poll shows that 47% percent of Canadian smart phone users would consider using a mobile credit card. Since only two RIM phones are capable of these abilities, the mobile credit card market has not been exposed to the general audience. Once the majority of smart phones become adapted of this new technology, more people will be inclined to use this option of payment.
For example, Starbucks has had a headstart on such a service. Although its mobile app is only integrated with a Starbucks card for payments instead of a credit card, its success can still be measured. Many consumers find it convenient to be able to make payments through scanning a barcode on their Starbucks mobile app.
A mobile credit card would allow consumers to do this with all products. This technology has the potential to become one of the most widespread forms of payment.