NFC smartphone payments stall

While NFC-enabled mobile wallets stagger in the U.S., they thrive in other countries such as Canada, the United Kingdom and parts of the Far East. Meantime, QR code-based mobile wallets have thrived in Africa, China, India and some Latin American countries. As talk of a cashless society continues to proliferate, it will be up to mobile wallet providers to develop the features necessary to make this kind of chatter a reality. And to do so, mobile wallets have to be more about payments. Alipay and WeChat have found success in China for multiple reasons, some of which are unique to the region such as ginormous population, tech-savvy consumers and a payments infrastructure that is made for mobile