Dave Shen

Mobile Payments is very big and innovation is occurring rapidly in this space. Banks, operators, device manufacturers, and POS are investing heavily in mobile payments (i.e. NFC) and the security behind it. In some regions of the world, it is not new – mobile payments is very mature in Japan & South Korea. Companies likes NTT Docomo and SK Telecom have already developed robust infrastructure to support mobile payments. Canada and US have been traditionally laggards in the mobile space – and it is only now that companies are investing in the technology in order to make this happen. Non-traditional mobile companies like Apple, Google, and PayPal have disrupted the industry and in ways, increased the pace of innovation in North America.