in Payment

The slow death of mPayment

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.

Leave a Reply

  1. This news totally sucks, but they were taking too long to get something done.

    Would be interesting to see your thoughts on what PayPal needs to do in mobile — maybe there’s an opportunity for someone to build mobile PayPal using their web services?

  2. This news totally sucks, but they were taking too long to get something done.

    Would be interesting to see your thoughts on what PayPal needs to do in mobile — maybe there's an opportunity for someone to build mobile PayPal using their web services?

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