Canadian consumers are ready and willing to pay for everyday goods with their mobile devices but a lot of details have to be ironed out before that can realistically happen, experts say.
More than 80% of Canadian industry players feel certain mobile wallets will be “mainstream” in this country within the next four years, a recent KPMG International study found.
Before that can happen a lot of questions need to be answered including who will be responsible for managing credentials, what happens if a transaction fails and who’s on the hook for fraud?
“Mobile payments are on the cusp of being real in Canada. Consumer demand will be a key driver, but few companies have a strategy in place for taking advantage of this opportunity,” said KPMG’s Ian Shelley. Read More…