Mastercard is just the latest financial behemoth to jump into the mobile wallet game, but it’s not clear if anyone is winning in this space.
At a grandiose event atop the World Trade Center, Mastercard unveiled new technology that will enable partnered banks and retailers to send and accept money through a mobile phone. The announcement “will have marked an important moment in our history, and we hope, our industry,” said Mastercard’s Craig Vosburg.
