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This would lay the groundwork for companies to more easily build secure mobile payment services into smartphones and other devices.
Clinkle, a start-up, has persuaded a notable roster of venture capitalists to funnel $25 million into its mysterious and forthcoming mobile payment services.
This would be invisible to the everyday consumer, but if businesses embrace the standard, it could lead to a steady stream of new mobile payment services.
The researchers wrote that the new wave of mobile payment services could profoundly alter the relationship between customers and those service providers.
The free-gear offer is just one of the tricks that start-ups are experimenting with to push their mobile payment services.
China's dominant mobile payment services, AliPay and WeChat Pay, grew big because they could easily be used to buy stuff online and transfer money to friends, respectively.
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Samsung offers a new mobile payment service.
NPCI's Inter-Bank Mobile Payment Service (IMPS) — an innovative payment mechanism — addresses this need.
Google has announced a rival mobile payment service to Samsung Pay and Apple Pay called Android Pay.
Venmo is a mobile payment service that allows users to make peer-to-peer money transfers.
Even Google, the search engine leader, has said it plans to introduce a mobile payment service, Google Wallet, in Europe by 2012.
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