Comments on: Mobile Payments One Step Closer http://blog.simeonov.com/2006/11/23/mobile-payments-one-step-closer/ Simeon Simeonov on entrepreneurship, innovation & venture capital Mon, 26 Jul 2010 11:04:49 +0000 hourly 1 http://wordpress.com/ By: Keith Benson http://blog.simeonov.com/2006/11/23/mobile-payments-one-step-closer/#comment-851 Keith Benson Tue, 05 Dec 2006 04:47:09 +0000 http://simeons.wordpress.com/2006/11/23/mobile-payments-one-step-closer/#comment-851 The real issue is not compatibility... its the business case. Any time you have the convegence of two vertical markets, ie. Telco's and Banks to a single access point, ie. Mobile Phone.... all you get is two mature business cases fighting over one wallet share. The solution is to "dis-aggregate" both verticals and come up with a mobile payments product that stands on its own, separate from both verticals. If this is not done.... the end user value will always be close to zero. ETA-DOA for SONY-NXP.... ......even before they address Patent infringement issues. The real issue is not compatibility… its the business case. Any time you have the convegence of two vertical markets, ie. Telco’s and Banks to a single access point, ie. Mobile Phone…. all you get is two mature business cases fighting over one wallet share.

The solution is to “dis-aggregate” both verticals and come up with a mobile payments product that stands on its own, separate from both verticals. If this is not done…. the end user value will always be close to zero.

ETA-DOA for SONY-NXP….

……even before they address Patent infringement issues.

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