Success of mobile payments dependent on significant infrastructure investment, says Ovum

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Mobile will impact traditional payments market, but its development will not be as smooth as hoped

London, 26 September 2013 – Financial services institutions must gain a better understanding of the mobile payments market, according to Ovum. New research* from the global analysts indicates that there is still confusion about how to proceed in the rapidly shifting mobile payments space. The research highlights that without a clear understanding of the relationship between mobile payments and the existing payments infrastructure, industry players will significantly miss out on the long-term potential of the market.

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