So when will this pattern emerge in mobile payment systems? Not in 2016, but soon, IMHO. A key element will be what the biggest brands are doing. For instance, Apple Pay has many bank and retail partners, it's high visibility, and it's concluding deals to launch in more countries. In other words, Apple will be a major factor in shaping this industry's immediate future.
New entrants continue to announce their own mobile payment systems. Walmart recently launched Walmart Pay, which operates through its Walmart app. The world's largest retailer is also participating in a mobile payment program devised by a group of retailers. JP Morgan Chase has Chase Pay scheduled to roll out this year. Target is in the same retail group testing mobile payments as Walmart, but it also is mulling a proprietary system.
Meanwhile, tech standards are in flux, consumers have a LOT of choices, and the roles of various players (banks, retailers, card issuers, telecoms, chip manufacturers, etc) aren't yet settled. Consumer acceptance of mobile payments continues to be relatively slow, in part due to security concerns and the multiple systems competing for adoption.
So no shakeout yet, but consolidation will happen sooner rather than later. And when it does, it will disrupt the marketing plans of every participant (while it shapes the behavior of consumers). Get ready!