There is a distinction between the mobile wallet and a wallet service. The wallet service provides the business context for a specific valuable stored in the mobile wallet. The mobile wallet itself is only the container to store digitized valuables, but it does not add any meaning to them.
Only in the business context of a service does the digitized valuable become meaningful; otherwise it is useless. In payments, for example, the credit card number is a digitized valuable that can be stored in a mobile wallet. The business context for this credit card number is the payment service that is provided by a bank (and/or the card scheme). The bank links the card number to the user’s account and authorizes the payments transaction. Hence, the bank is the payment service provider.
2 comments:
good blog...
CISCO Firewall
Fortinet Firewall
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Software as Service Provider
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