Mobile Phones Will Become Electronic Wallets

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Description

Analysts predict that within the next five years, one third of mobile phones will act as electronic wallets, electronic tickets, and access control devices, and Windows Mobile will be at the forefront of this move. Just recently, a deal with RFID vendor Sirit was made, soon to bring Sirit's NFC (near field communication) "contactless" technology to aid in the development of Windows Mobile applications. Although there aren't specifics on what this partnership will bring, we can speculate as what we do know is that NFC is a radio-based technology that enables the exchange of data between devices less than a foot apart. This type of technology is already at use in public transportation and payment systems, so maybe in the future we'll be paying for items with our phone instead of our debit cards!

The Discussion

  • User profile image
    quikboy

    So does this mean that Microsoft is kind of developing a PayPal Mobile-like system? With money, credits, tickets, and all of that stuff on our phone and ready to spend? Would it work on the regular internet as well as an online payment system there? Do you think Microsoft can make such data safe enough to transfer to cash registers?

    I would love to see such a system, but there seems to be a lot of caveats to it now. Though I think Japan's already doing something like this right now.

  • User profile image
    quikboy

    So does this mean that Microsoft is kind of developing a PayPal Mobile-like system? With money, credits, tickets, and all of that stuff on our phone and ready to spend? Would it work on the regular internet as well as an online payment system there? Do you think Microsoft can make such data safe enough to transfer to cash registers?

    I would love to see such a system, but there seems to be a lot of caveats to it now. Though I think Japan's already doing something like this right now.

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