Mobile payments may triumph over plastic -- in the long run

08/24/2012 |

Given the many cost and convenience advantages of digital, mobile payments are almost certain to lead to the demise of credit cards, maintains Nick Holland, senior analyst at Yankee Group, Boston. "... [B]ut the death will be a very long, slow one considering how slowly the banking industry moves and how entrenched plastic cards are as a means of paying," Holland said.

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