Published on April 29th, 2011 | by Babar Bhatti3
Mushkal Paisa: RIM against Wireless Carriers for Control of Mobile Money
One of the most important technology trends today is mobile money or digital wallet. BlackBerry maker RIM is fighting with wireless carriers over the control of payment data. Control of payment data is key because whoever owns that data will have customer info, transaction details and background info. All of this leads to revenue and potential for innovation.
The illustration from WSJ describes this well. This will be an interesting battle to watch. Who do you trust: Mobilink or BlackBerry?