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>> APPLE INC. Latest News

MAR 01, 2013 - Time

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Companies Struggle to Popularize Mobile Money

BARCELONA, Spain (AP) — Mobile money may seem like a hot concept, but consumers aren’t warming to it. At the world’s largest cellphone trade show, here in Barcelona this week, the 70,000 attendees are encouraged to use their cellphones -instead their keycards- to get past the turnstiles at the door. But very few people took the chance to do that. The process of setting up the phone to act as a keycard proved too much of a hassle. It’s a poor omen for an industry that’s eager to have the cellphone replace both tickets and credit cards. Companies are building ... Read More

Tags: Companies Struggle to Popularize Mobile Money,  Apple Inc. Latest News