From the post:
“In-Stat predicts that as many as 25 million Americans will be carrying Mobile Wallets – that is mobile phones that have payment functionality to supplant a conventional wallet – by 2011.
My prediction is that this report under-shoots the mark substantially and that some move by a third party, be it a Yahoo or Google or an MVNO out to distinguish themselves will come up with a very solid program and get a large group – MySpace Users Anyone? – forgive the pun “excited” about having a mobile wallet in their pockets.”
“Recent research by In-Stat found the following:
- According to an In-Stat consumer survey, attitudes of US users towards mobile wallets are at best, lukewarm, with roughly one-third of respondents interested, one-third indifferent, and one-third uninterested.
- The most frequently mentioned barrier to the mobile wallet is added fees for its use (72% of respondents), followed by security concerns about loss of the phone and privacy.
- Survey data found that mobile wallet was most appealing to technology innovators and early adopters as well as subscribers who already rely heavily on their wireless phones.”
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