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The future of Alternate Payment Technologies depends upon Millennials and not Apple

In 2013, we saw the following three retailers/merchants (illustrative) embracing mobile payment methods:
  • Walmart – Scan & Go app for iphone to scan barcodes of goods and pay at checkout terminal

  • Disney – NFC enabled MyMagic+ smartbands for payment across terminals at rides, hotel, etc.

  • Subway – Cloud based mobile wallet app for contactless payment via phone

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