SMR (StockMarketsReview.com)

"With the creation of the ISIS initiative in 4Q10 and the launch of Google Wallet in 3Q11, the mobile payment industry is riding the recent momentum to build scale," said Harry Wang, Director of Health and Mobile Product Research at Parks Associates. "The success of the mobile payment industry not only hinges on consumer and merchants' willingness to adopt but also requires seamless integration of technology with viable business models."

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"Infrastructure development and technology advances have piqued the interest of broadband service providers (BSP) in this market," said Harry Wang, Director of Health and Mobile Product Research with Parks Associates. "BSPs are studying the market and piloting projects with partners in preparation for full engagement. The market potential is big enough for both the incumbents and BSPs, but the key is to find the right business models to awaken the dormant demand."

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