Carlo Longino writes:
The problem with PayPal is that by trying to be more than just a payment mechanism, theyre adding complexity in to payments. Their separate accounts and systems adds in an additional layer between users credit cards and bank accounts and the people theyre trying to pay. Thats why paying via reverse billing is so popular with consumers its incredibly easy. No new account, no extra bill, they just pay.
The breakthrough this market is waiting for isnt PayPal sorry, folks at least not in this incantation. Its still a touchless IC platform that supports both physical and online purchases. Whats holding back mobile payments currently, for the most part, is that operator revenue share.