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Beams of Money.
Byline: Akiko Kashiwagi
Daisuke Tanaka's daily commute has gotten a lot simpler in recent weeks now that he can pay for all his train tickets with his mobile phone. To travel Tokyo's trains, subways and even some taxis, all he needs to do is to wave his mobile near the now standard card reader. He has also downloaded software for several prepaid and credit cards, turning his mobile phone into a replacement for his wallet. "I haven't touched my wallet at all today," he said one recent evening.
The mobile wallet was announced by NTT Docomo with great fanfare back in 2004, when the technology first became available in Japan, but so far it's been a dud--fewer than one in five owners of a mobile-wallet handset has ever used it to pay for anything. Mobile wallets are accepted at too few places, say experts. That's now changing quickly, however. New services are rolling out so fast, 2007 is emerging as the year of the mobile wallet in Japan.
The biggest reason is the rapid expansion of e-money services accessible by mobile: 7-Eleven, the country's dominant convenience chain, has just launched its own brand of e-money, and leading grocery chain AEON will follow suit later this year.
The mobile Suica service provides one of the biggest incentives for users to go mobile. The Suica fare card, introduced in 2001, now has ...
- Up to 25m US users could use mobile phones as mobile wallets by 2011 report.
- News wire article from: Europe Intelligence Wire April 21, 2006 700+ words
...users could use mobile phones as mobile wallets by 2011 report (C)2006 DMeurope...be using their mobile phones as mobile wallets by 2011, according to a report...attitudes of US users towards mobile wallets are at best, lukewarm, with...
- In-Stat Reports Up to 25 Million US Mobile Phones Could Also Be Mobile Wallets...
- Press release article from: Business Wire April 19, 2006 700+ words
...subscribers in North America could be using their mobile phones as mobile wallets by 2011, reports In-Stat (http://www...consumer survey, attitudes of US users towards mobile wallets are at best, lukewarm, with roughly one-third...
- North America - Up to 25 mln mobiles may be mobile wallets by 2011 - survey.
- News wire article from: The America's Intelligence Wire April 20, 2006 700+ words
...subscribers in North America could be using their mobile phones as mobile wallets by 2011, according to a report from In-Stat...identification. The attitudes of US users towards mobile wallets are at best lukewarm, with around one-third...
- NOT JUST FOR MAKING CALLS: New cell phones can act as mobile wallets,...
- Newspaper article from: Victoria Advocate (Victoria, TX) May 25, 2007 700+ words
...Bell probably never imagined. MOBILE WALLETS Flowers uses her cell mainly to...transformed their cell phones into mobile wallets. Some phone carriers create partnerships...make everyday payments through mobile devices, said Lisa Malloy, the...
- NEW CHIP WILL TURN CELL PHONES INTO MOBILE WALLETS.(NXP Semiconductors)
- Newspaper article from: Cardline November 24, 2006 700+ words
...and that this chip will enable mobile phone payments in systems that use...venture will turn cell phones into mobile wallets with many functions. "The new...simply touching a terminal with a mobile phone gives access to a wide range...
- Japan's Mobile Wallets Fail To Inspire-Yet: Japan's mobile telcos and payment...
- Magazine article from: Card Technology Balaban, Dan April 1, 2007 700+ words
...a natural for Suica to move to the contactless mobile wallet phones telco NTT DoCoMo has been selling...than two years, later joined by Japan's other mobile network operators. With Mobile Suica, commuters could download train tickets...
- Sony, NXP Team Up to Standardize Mobile Wallets.
- Magazine article from: eWeek November 20, 2006 700+ words
...Reuters)--Technology companies and mobile operators joined forces on Monday to plan...global standard for electronic wallets in mobile phones. Developers described a future...around the world touch a terminal with a mobile phone and access a range of services...
- MOBILE WALLETS FOR 1 BILLION PEOPLE.
- News wire article from: AsiaPulse News May 31, 2004 700+ words
...world to implement a cross-platform mobile identification system that is supported...their wallets, digitally, inside their mobile phones. Visitors upon the purchase of...creation, distribution and scanning of these mobile IDs are powered by STARTs MobileID patent...
- Mobile Wallets for 1 Billion People; Australian conference 1st in the world to...
- Press release article from: PR Newswire May 31, 2004 700+ words
...their wallets, digitally, inside their mobile phones. Visitors upon the purchase of...creation, distribution and scanning of these mobile IDs are powered by START's MobileID patent-pending mobile ID technology. START Corporation is a...
- Mobile Payments: FSTC Wants Turf Talks for Mobile Wallets: Launches first...
- Magazine article from: Bank Technology News Fest, Glen April 1, 2007 700+ words
...New York Times crossword, developing mobile-based payments technology and platforms...manufacturers to finally roll out the mobile wallet that remains frustratingly futuristic...resolving issues over control." For a mobile wallet project to succeed, it has to...
Source: HighBeam Research, Beams of Money.