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Your Phone Replaces Your Wallet

 
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ChrisDeHerrera
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Joined: 01 Feb 2000
Posts: 7008
Location: Los Angeles, CA, USA
PostPosted: Sat Dec 26, 2009 6:47 pm    Post subject: Your Phone Replaces Your Wallet Reply with quote

Your Phone Replaces Your Wallet


Long promised, never realized, mobile payments will finally take off in the U.S. in 2010. Already the sector is a beehive of activity, with companies like Zong and mPayy enabling customers to pay for online purchases with only a phone number. Obopay, another mobile-payments company, received $35 million from Nokia in 2009, and it will have a wide rollout on that company's phones. Perhaps the best sign that the sector is poised for takeoff is that Twitter creator and tech superstar Jack Dorsey has set his sights on it. (Source: Newsweek)


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