Tiervermittlung Deutschland » Xinhua in a recent interview

by Zhang Jiawei


LONDON Authentic Chris Archer Jersey , March 17 (Xinhua) -- The development of mobile payment still faces obstacles while credit cards will be good for 10 or 15 years at the minimum, said MasterCard's senior vice president lately.


With the latest mobile payment technology, consumers can easily pay for their goods by just placing their smartphones close to terminals and putting their fingers on the phone's fingerprint sensors. No physical cards or password-typing are needed.


People can not only use mobile payment to buy things in stores, but make in-app purchases.


Companies like Apple, Samsung and Google have been racing to convince consumers that the future of payment is contactless and cardless.


Apple Pay has attracted 12 million users every month globally since its launch in October 2014 Authentic Wade Boggs Jersey , while Google's Android Pay has around 5 million people who use it monthly since becoming available in September 2015, according to mobile payment researcher Crone Consulting LLC.


But there are various obstacles that need to be overcome before the retail industry and consumers can enter a cardless era.


"We have a history, as a payment industry, of always wanting to figure out a way to support merchants and cardholders to do business together. There is a limiting factor. It's how quickly we can replace infrastructure," James Anderson Kevin Kiermaier Jersey , MasterCard's senior vice president for mobile and emerging payments, told Xinhua in a recent interview.


Many merchants, especially small ones, are reluctant to upgrade their terminals because of costs, and some consumers still have doubts about the security of mobile payment.