Banks find that investing in Android pays off

The banks’ respective statements give a good indication of why Android Pay is off the table for the time being, with both referring customers to use their own android mobile payments apps – an issue that didn’t affect Apple because the company doesn’t allow third parties to access NFC capabilities, which disallows banks from creating.

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Investment banks have been particularly slow in adopting enterprise apps compared to other industries, and the reasons go far deeper than a simple reluctance to change. In fact, investment banking is an industry that generally finds it difficult to adopt new technologies for a variety of technical, regulatory and financial reasons.

 · At a recent interview at a venture capital firm, Microsoft co-founder and former CEO Bill Gates spoke briefly about the company’s failure at mobile, calling it his "greatest mistake ever".

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