Knowledge Pack

Mobile-payment mayhem

Mobile payments have been slow to catch on in the United States. Here's what you need to know about why.

apple pay

Standards issues and fighting between financial institutions and credit-card issuers have caused slower-than-expected adoption of mobile payments in the United States. This is in contrast to, say, Japan, where Apple Pay is already popular, just two years after its inception. The two biggest issues: current payment schemes work just fine, thank you, and the benefits of switching are unclear. Our mobile payments coverage explains what you need to know.

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