Here we go – while we had so much fun speculating about endless ways mPayment could succeed yesterday, today there’s a report that T-Mobile is about to quit Simpay, the multi-operator mPayment consortium.
This is sad. Millions of investment into mPayment for nothing. If there’s one thing that this teaches us it is that it’s not the technology that matters – it’s all about bringing people and corporations together, which quite obviously has not worked so well over at Simpay.
I’m still sticking to my bet: the only company with a realistic chance to succeed in mobile payments is PayPal. I wouldn’t bet a penny on either operators or banks.