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."