200704250930-1The idea of using a phone as some sort of wallet has been around for a while now and we've seen phones being used in Germany and Japan as payment systems too. Today, Reuters reports that Nokia with mobile carriers have created a global initiative to turn mobile phones into wallets:

The idea of using a phone as some sort of wallet has been around for a while now and we’ve seen phones being used in Japan as payment systems too. Today, Reuters reports that Nokia together with mobile carriers have created a global initiative to turn all our mobile phones into wallets:

Consumers will be able to use a phone as a wallet or as an access card simply by waving it over a wireless reader — and in some cases punching a PIN number into the phone — similar to how travelers in Tokyo and London access public transport.

PREMIUM SUBSCRIPTION CONTENT
This content is available for Premium Subscribers only.
Already a subscriber? Log in