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Corbin, can you give a link for the Masterpass Mobile Wallet as I cannot find it anywhere on Google Play. 

So.. this is really QuickTap 2.0 but without Barclaycard.. no real innovation here then. Shame as there was an opportunity to do something really exciting. 

Again.. why would you hand over your card to even do a chip and pin transaction??? If someone has to touch my card, I will often just walk away from the purchase. I don't want anyone to touch my card. 

And double dipping.. are you implying that something will be paid for twice? 

Wow.. why would I ever "Even assuming that I take out my desired contactless card and hand it over to the attendant". I don't even do that on a chip and pin payment if I can avoid it.

Not sure that Ketharaman has ever actually used a contacless payment card when he seems to imply that I can just "slide" past the contactless reader. I would have to be in a very awkward position whether it was in my trouser pocket or jacket pocket for this piece of technical wizadry to happen. And the fact I have several contactless cards - Debit,  2xCredit, Oyster, NFC Business Card in my wallet, the payment would just.. fail. 

And slightly sexist - "When you're carrying your laptop bag in one hand and a heavy shopping bag in another". Pretty sure this was never a use case thought of by the issuers. 

You comment here https://www.finextra.com/blogs/fullblog.aspx?blogid=7794 - "I wouldn't rush to rule out technology as the cause of double-dipping at Marks & Spencer. I've experienced this at two feet" which given the nature of the blog implies that you have used a contactless card from 2 feet. Anyone who has ever used Contactless cards in the UK market knows this is utter rubbish, hence my remark.

For many reasons I have to post this anonymously but I do work in payments and have worked with retailers, issuers, schemes and device manufactuerers on their contactless deployments in case you feel I am just making this up

So... what you experienced is RFID at 2 feet.. NOT CONTACTLESS PAYMENTS!! Get your facts right about payments before making wild and inaccurate claims in other blog posts. 

Seriously.. "magnets to communicate data"... is this for real? 

And as for the future of payments. Well, Contacless and NFC may be a passing phase but not the future. The future of payments has not even been described yet. When Magstripe was introduced, that was the future of payments.. and yet we are desperate to kill it off.

Ah.. but then you say they will play a key role. So they are not "the" future of payments, just a bit player in an ever changing payments landscape that with remarks soch as "magnets to communicate data" will just confuse the users. 

And why are you repeating the claim that M&S charged twice? They didn't. It's impossible to have had it happen. Yes, your explaination may be correct but THEY DID NOT GET CHARGED TWICE as you imply. 

I have to add.. this is a really badly written article and I'm almost ashamed to be associated with the writer. 

There is absolutly no need for Claims Management Companies with regard to PPI. The bank/card issuer do all the work for you whilst on the phone and charge you nothing. They are not offering an important service, more they are leeches sucking money from those who often need it all due to the miss-selling. 

I think Ambulance Chaser is too kind a description. Blood sucker is more like it. 

Is there Pune consipiracy to all say the same thing? 

Barlclays took inspiration from M-Pesa for Pingit. The Vocalink offering will extend what Barclays are doing to 7 other banks with more to follow no doubt. Therefore there is comparison to be made in that the Vocalink offering resonates with M-Pesa.

M-Paisa in Afghanistan has done very well with merchant payments, loan disbursements and transfers. 

With 9million subscribers M-Pesa in Tanzania is doing pretty well. 

India has special circumstances due to the rules set in place by RBI that affect MNO's and financial services.