5/4/2023 0 Comments Tmobile pay bill![]() Levi said the most likely outcome is that the economics involving banks and credit card companies will look the same. Those players have a lot to lose if the status quo changes, including revenue they get when customers swipe credit cards. The legacy players include Visa and Mastercard and the banks. "In areas where mobile is common, there weren't really established legacy players already." So people already had a way to pay digitally that isn't cash," Levi said. "There is incredible saturation among debit cards and credit cards in the U.S. Arieh Levi, senior analyst at CB Insights, also said the popularity of cards is a key reason mobile isn't taking off. "When it comes to the U.S., there is a good enough solution there already."Ĭards are widely accepted, and in some cases it's easier to swipe a credit card than to take out your digital device, hold it up to your face to unlock it, then double tap the button and hold it up to a monitor. "A big driver of mobile adoption is just how big an improvement is it," du Toit said. ![]() ![]() But in the U.S., the credit and debit card system is well-established and works just fine for most people. ![]()
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