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22 billion dollars to be moved over mobile phones by 2011

Categories: Research
By: , IntoMobile
Tuesday, July 10th, 2007 at 1:26 AM

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Juniper Research published a report stating that the uptake of NFC (near field communication) devices along with the cooperation of major financial institution’s will make payments with your mobile phone the preferred way to do commerce.

I simply can’t wait. My wallet is absolutely useless and I recently purchased a simple, small, card holder that holds just a photo ID and my Visa. I wonder how this will work in strip clubs, will the girls have to wear a sticker that is NFC enabled?

Where is the sticker?

[Via: SMS Text News]

About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.