Reuters reports that Nokia, the world's biggest handset maker, and wireless-service operators have solidified a global initiative to turn mobile phones into wallets.
Nokia, Samsung Electronics and LG Electronics, will embed a wireless chip into its phones.
MasterCard, is also involved in the initiative.
Trials are set to start in October.
I believe that we will see more and more of such functionality come up. However, due to the cost of new phones with new chips, SMS payments systems will not go away. As a matter of fact, I believe that within next 6-12 mounts we will see explosive growth of SMS payments in the US.
- Klem
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2 comments:
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