Opinions - The mobile wallet is set to explode

[HEXUS]

A bunch of recent announcements indicate we could be at the mobile commerce inflection point.

Read more.

[joel_spencer]

Fair enough on not carrying cash around for security reasons but online fraud must outnumber mugging, etc.

If you make your phone a virtual debit/credit card then it becomes doubly attractive for thieves, £300 phone plus access to their bank account in one swipe. People increasingly aren't bothering with landlines so if their phone is stolen it could make it very difficult to cancel the services.

I like a more unified approach to payment, but paypal already serves this purpose on a lot of sites.

I'm a bit of a phone Luddite though perhaps, hate the fiddly small screens and inflated internet usage charges. At the moment I wouldn't get a smart phone unless given one by a job

[ISHOULDCOCO]

For some folk , their phone is like a lifeline
In the old days you kept your wallet closer

NFC will do well , it looks flash
But we have smart chips in all credit cards anyway

If phone transaction include somekind of biometrics too
then it would be better security

But i am not rushing to buy a phone coz it has this tech in ti

COCO

[TooNice]

Hmm, I am quite happy with chip & pin. In fact, I would rather stick with chip & pin. But if I can get all my loyalty cards (from nectar points to Nandos stamps) shifted to my mobile phone, I would do it.. as long as it doesn't require to be linked to the number of the mobile phone I am carrying.