Electronic Wallets in Danger

The erratic development of electronic wallets (EW) illustrates thedifficulties of their adoption by the general public and shopkeepersalike. With exceptions, such as Proton in Europe and Octopus in Asia,a lot of electronic wallets are likely to disappear in the next fewyears. Yet the key factors of success are known by banks which oftenchoose to ignore them. However, the strategic change taken by some inorder to bring a fresh start to electronic wallets like Moneo couldreverse the tendency. Nevertheless, it will still be necessary to waitseveral years before seeing electronic wallets really imposethemselves as a credible alternative to payments in cash.