Motorola M-Wallet

Coming to the USA, is a new form of paying for things, and that is using your cell phone. This is not a new thing for the world at large as Asian manufacturers and carries have done this for a while, but M-Wallet will be the first in the US as far as I know.

It will come in the form of a downloadable application, compatible not only with Motorola phones, but also other cell phones and even PDA’s. Initially, the M-Wallet system will only allow banking transactions such as online bill payments, funds transfers, and purchases through participating retailers such as airlines.

Motorola intends to expand the system to include contact-less payment when the technology is available in US handsets. This feature has a large fan base in Asia, where consumers can pay for things by merely moving their cell phone over a scanner.

In order for you to see it on your cell phone soon, Motorola needs to sign agreements with carriers to support M-Wallet and while they say they are getting close to signing a deal, it is competing against a service from Philips, which Cingular Wireless has been testing in the Atlanta Phillips Arena.

February 9th, 2006 Posted by David in News, Motorola at 5:56 pm Comment Now! »
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