Operators Overestimate Mobile Banking Uptake

Mobile operators' enthusiasm for virtual banking may be seriously misplaced, says Forrester research. The report "Mobile Payment's Slow Start" says major barriers to financial transactions via mobile devices will limit its take-off for at least a decade. Consumers won't change their payment behavior, providers will resist collaborating on fully featured services, and easy-to-use, cheap, secure and standardized technology will take years to roll out, Forrester says.

For more information: http://www.forrester.com/

Mobileinfo Comments and Advisory: A realistic assessment of an over-blown market.