Credit Cards Heading Toward a Midlife Crisis?

Credit Cards might be kicked toward the door as mobile payments continue to grow in scope and popularity, according to a report by PricewaterhouseCoopers.

Related: Credit’s Mid-Life Crisis – Time to Get a Corvette?

The report, Precious Plastic, suggested that banking institutions focus on creating mobile payment options as future potential lies primarily with NFC technology – not credit cards.

However, the report acknowledged the challenges that the mobile payments market faces and that it be some time until they are utilized across-the-board.

Click here to read the complete article via Think Money.

Click to comment

TRENDING RIGHT NOW

To Top