April 20, 2006
25 Million US Mobile Wallets by 2011
For quite some while now, experts and pundits have been touting payment capabilities of mobile phones. Now, a range of technologies, including RFID promise to make these tall claims a reality in near future.
According to an In-Stat consumer survey, the technologies that promise to enable mobile wallet capabilities in handsets include Near Field Communications (NFC), Radio Frequency (RFID), bar codes, and visual recognition. Moreover, the In-Stat survey reveals that NFS will narrowly beat out the likes of RFID as integrators will look to create standardized solutions that are easily exported anywhere in the world.
Via Cellular News
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