Apple and Samsung might be dominating the headlines in the world of mobile wallets, but there’s plenty of activity happening behind the scenes. Based in Oslo, Norway, MeaWallet offers a number of services including white label mobile wallet services to banks.
In an interview in the Finetics™ Studio by The Bancorp at Money20/20 in Las Vegas, CEO and founder Lars Sandtorv shares his thoughts on the past, present, and future of mobile payments, plus what he’s learned as a founder.
“Banking finance is slow,” says Sandtorv. “You need to have a lot of time and a lot of money to do it and of course it takes time to build trust.
“I started working with mobile wallets, or NFC, back in 2002. A long time ago and since then there have been a lot of different technologies and a lot of things going on in the market. You have to understand a lot in this market, and it’s really complex. There’s the bank side, the payments side, the IT side, the security side, and the mobile network side. You have to have a flexible solution that is secure.”
Access more Lars Sandtorv’s full interview, plus more insights on ‘The Shift from Digital Banking’ from Ryan Caldwell, Founder and CEO, MX; Ben Katz, CEO and Founder, Card.com; Hamed Shahbazi, CEO, TIO Networks and Pete Chiccino, Executive Vice President and Chief Information Officer, The Bancorp on The Bancorp’s Finetics blog.
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