Mobile payments in high demand with consumers

Cash is overrated among businesses, a new study by NTT DATA suggests. Consumers don’t really use it that much, and expect the payment industry to move more towards digital wallets in the future.  This is according to a new report, based on a poll of 2,000 consumers and 300 executives. A third of consumers expect mobile money to dominate within a decade. But there is a strong discrepancy between executives and consumers -- 40 per cent of executives, in various industries, think people will pay the same for transactions in a decade than they do today. Among consumers just 27 percent expect… [Continue Reading]