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    Amex warns of slow mobile wallet adoption

    News in brief

    American Express has warned that mobile wallets are likely to see slow adoption, even for Apple and its customer base. “Mobile wallets have had the potential to change consumer behaviour for some years but it’s unlikely to be an overnight shot,” CFO Jeff Campbell said during the company’s third quarter earnings call. “It will take time even with Apple’s innovative technology and customer base.”

    Filed by Email Rian Boden Published • Last updated 17 October 2014, 13:06

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