This is a great piece of news - finally mobile commerce looks like coming of age. This will free us up to doing transactions previously only possible via PC-interfaces. Ultimately small purchase methods could become commonplace.

Finally the phone is becoming more than just a glorified walkie-talkie.

I’d be interested in anyone’s experience with existing mobile payment methods - did it feel safe? Was it easy. Were you concerned about security?

The worldwide use of mobile phones for payments at point of sale is the aim of a new initiative announced today by the GSM Association (GSMA), the global trade organization for mobile operators.

The ‘Pay-Buy Mobile’ initiative is a natural progression for the industry, following the GSMA’s program - announced last year - to define a common global approach to enabling Near Field Communications (NFC), the technology used to link mobile devices with payment and contactless systems. By embedding mobile contactless services, such as credit and debit payments, in the SIM card the mobile industry will extend the role of mobile phones in customers’ everyday lives…

…The fourteen operators, representing more than 900 million mobile
users, are Cingular Wireless, now part of the new AT&T; China
Mobile; KALL; KTF; MCI; MTN; NTT DoCoMo; Rogers Wireless; Smart
Communications; Telenor, TeliaSonera; Telecom Italia; Turkcell, and
Vimpelcom.

Source: amta.org.au

Tags: mobile commerce | worldwide | sale | PHONES | PAYMENT | Cell Phone | Technology | SMS | mobile | link | communications

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