Review Article Open Access

Electronic wallets in danger

Abstract

The erratic development of electronic wallets (EW) illustrates the difficulties of their adoption by the general public and shopkeepers alike. With exceptions, such as Proton in Europe and Octopus in Asia, a lot of electronic wallets are likely to disappear in the next few years. Yet the key factors of success are known by banks which often choose to ignore them. However, the strategic change taken by some in order to bring a fresh start to electronic wallets like Moneo could reverse the tendency. Nevertheless, it will still be necessary to wait several years before seeing electronic wallets really impose themselves as a credible alternative to payments in cash.

Jean-Michel SAHUT

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