Published:
Dec 14, 2016
Apple Pay & Digital Wallets in Mexico and the United States: Illusion or Financial Revolution?
Abstract
Apple Pay and digital wallets have gained popularity since the fall of 2014. Perceiving Apple Pay & digital wallets as a financial revolution at this moment might be a mistake. The following study shows that it is just the evolution of a payment system in Mexico and the United States of America, a system that opened the door to a possible future financial revolution. Current financial regulation in Mexico and the United States of America is not accurately applied; therefore, proper guidelines or amendments in financial regulations should be issued by financial authorities in order to mend the loopholes in the law.
Keywords:
Apple Pay, digital wallets, Illusion or Financial Revolution, USA and Mexico, Digital Wallets, Ilusión o Revolución Financiera, EUA y México
