Mobile Wallets in America

Also from MobileCrunch, more talk about using mobile phones as payment systems.

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.”

From In-Stat:

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.”

More on Mobile Payment:
FeliCa Opens the Door
Russell Finds FeliCa
FeliCa on Rails
FeliCa in the Wild
FeliCA Survey
Motorola’s M-Wallet
NFC at Giants Stadium
More NFC Payment Talk
Noikia NFC Phones
2006: All About NFC
iPod Payment Terminal
Near Field Payment Comes to Atlanta

About Daniel Davenport

Daniel is a digital media executive with internet and broadcast experience. Daniel is currently the executive strategy director at THINK Interactive.

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