The move to mobile wallets is inevitable, but significant hurdles remain, most notably the need to develop more partnerships, Dan Schulman, the head of American Express Enterprise Growth, told a CTIA Enterprise & Applications™ audience Wednesday. "There's too many of us to do it alone," Schulman said. MasterCard's Ed McLaughlin was more upbeat, saying, "We're moving to a world beyond cash. I do think this is execution against an inevitable."
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