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When will smartphones replace our wallet?

Damian Koh, CNET Asia

Monday, August 30, 2010 - 10:39

Don't bank on it happening any time soon.

I was out for brunch on Sunday at a neighborhood cafe with friends when I recalled the Near Field Communication (NFC) mobile payment trials I'd taken part in the last couple of years. The biggest pain point was I had to use a handset provided specifically for the test, other than my own. In fact, I can't even remember the phone model Iused for the October 2007 trial,where the device had an EZ-Link and NFC-enabled chip that doubled as ane-purse. It was a fugly phone and I dreaded taking it out of my pocket.More recently in April 2009, I was recruited for the Visa payWave program, which deployed the better-looking Nokia 6212 classic handset.
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http://asia.cnet.com/crave/2010/08/30/when-will-smartphones-replace-our-wallet-/
 
Tags: APAC, Mobile Wallet, Visa, Mobile Payment, Asia, CNET


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