Nokia Money, which was announced in August, and is expected to launch in Q1 2010, is being shown off in the video below by Waltteri Karhusari at the Nokia “Way We Live Next” conference in Finland. The UI is fairly basic, but that’s do to the demo being done on a fairly low end device. Nokia Money’s target audience is emerging economies after all. It’s safe to say that Visa’s stuff is much more impressive, but sadly their solutions are due to hit the market at an even later point in time. Mobile Payments will be the next killer application, much like GPS was the killer application for smartphones in 2007/2008, but the question on everyone’s mind is when will Mobile Payments take off? Juniper Research predicts that in 2012 there will be $30 billion worth of transactions taking place, while ABI Research predicts that by 2011, only 2 years from now, there will be 170 million people taking advantage of mobile payments.
[Via: Nokia Conversations]