Mondex aimed to replace coins with a chip-based card and keyring reader for checking bank balances but it did not catch on. Yet fast-forward 20 years and contactless payments are
increasingly replacing cash, with ‘mobile wallet’ services such as Apple Pay, Android Pay and Samsung Pay all launching this year to a ready-made audience of millions of smartphone users.
Apple will be first to market this month. Barclaycard, meanwhile, has just launched three wearable contactless payment devices through its bPay brand.
Read the whole story at Marketing Week »