“A case in point is point of sale transactions on smart phones. The young buyer has a bank account that provides automatic payments with an ap. That ap incorporates the capability to deal with the transaction aps of say McDonalds. The ap is called up and then the McDonalds or Webdy’s or whqat ever ap is selected and up pops a menu. The desired items are ordered and then picked up. on pickup, the vendor is payed and the transaction is closed.”
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That is being done in the US,at least it is at Dunkin Donuts-——I’ve seen it.
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You are correct but the scale is so small it is not meaningful. Yet
Yesterday I was witness to a very important change. After locking my van door I walked toward the entry to Walmart. I pulled out my trusty I phone and pulled up the Walmart ap. I checked to be sure it recognized my account and went to get a buggy. To my surprise, the blue phone holders had all been removed.
The greeter pointed to a sign: Walmart no longer has the auto swipe and pay and check out capability. The test in this store is over.
So Walmart recognized the potential and tested and some like me embraced the technology but apparently most did not.