Kiss Your Wallet Goodbye and More News

Keith Caswell
Friday, Jul 01, 2011 at 10:00 AM

In this week’s mobile news roundup, mobile payments might be killing your wallet (literally), your credit card becomes a lot more photogenic, and mobile commerce is on the rise. Here’s a helping of the week's most relevant and recent mobile happenings:

Is the physical wallet really done for?

PayPal is boldly predicting that the wallet has a mere four years left before it goes the way of the dinosaur. “We believe that by 2015 digital currency will be accepted everywhere in the U.S. -- from your local corner store to Walmart. We will no longer need to carry a wallet,” wrote the President of PayPal, Scott Thompson, after the mobile payments website registered its 100 millionth active account. (Mashable)

Mobile devices’ role in global development
Mobile phones are poised to make a big difference in developing countries, particularly in Africa, over the next few years. By providing relatively easy access to instant messaging, school curricula, digital textbooks, counseling services, and tutoring, “these mobile services could really transform remote rural areas of Africa with little access to banking and limited educational services.”  (The Guardian)

M-commerce catches up
If you’re a really big fan of mobile commerce (or percentages), you’ll love this news: 78% of larger retailers will invest in mobile commerce this year. The increasing adoption of mobile technologies by consumers has forced retailers to adapt to the 21st century. Up to now they have been lagging behind: the study shows that only 25% of merchants have a mobile commerce site currently up and running. (Internet Retailer)

A picture is worth a thousand purchases
Ever thought that you could pay for products simply by photographing your credit card? Well, get ready because the future is now. Card.io aims to make mobile payments snappier than ever by allowing you to take a picture of your payment card, transmitting the data to merchants for processing. (Internet Retailer)

What do you think? Let us know in the comments below or on Facebook or Twitter.


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