ISIS turned into mobile wallet

The U.S operators were highly ambitious in terms of setting up their own payment network by competing with traditional payment networks like master card and Visa. Now, they realized that it might be challenging if they have to bring the required scale. Hence they turned into mobile wallet solution. It may be bitter truth that the payments ecosystem may not shell any transaction revenue to operators. Its worth to investigate value added services on top of payments like mining the transaction history or collecting fee from provisioning the cards. At the same time we should not forget that the inherent threat from Apple and Google in the payments space.