PayPal is trying to revolutionize the digital wallet, while ISIS (mobile carriers and Visa) are trying to hang onto the past:
PayPal’s new digital wallet unveiled at #SXSW. “What we call the future of money … it isn’t just about sticking a wallet on a mobile phone … instead control how your money works better for you.” See more of the demo here.
A big departure from ISIS that quote, is “not shift the way you pay (ie. the transaction), but how it is enabled…” - as presented at #SXpayment101
So the big question is will Visa and MC end up like Blockbuster?