Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
British Telecom estimates volume of wireless payments by 2005
Posted on 16-Feb-2003 01:12 | Tags Filed under: News

Mobile phone users will spend up to $20 billion a year on wireless payments by 2005, according to a report by market analysts.

The roll out of phones and other wireless devices that enable customers to access downloadable content and applications, such as ring tones, screensavers and games will ensure strong revenue returns.

Analysts ARC Group report that the majority of the income will continue to come from airtime and SMS messages, but that web content and point of sale payments would also contribute to the projected growth.

Developments in handset design and work in overcoming interoperability issues could soon see mobile devices being used in shops to pay for goods and services.

‘These new payment trends are already happening in the Asia Pacific region,’ said Richard Jesty, chief analyst at ARC and one of the report’s authors. ‘We are seeing vending machines that are able to talk to mobile phones and provide not just canned drinks but personal city guides and entertainment information.’

In Japan mobile customers in some areas are able to use their phones as season tickets at sports grounds.

More information:

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Is Air New Zealand crapping on New Zealand?
Created by Rikkitic, last reply by DaveDog on 24-Mar-2018 12:15 (99 replies)
Pages... 5 6 7

I have 1,000s of Blu-Rays and DVDs - how to watch them via Apple TV?
Created by KiwiTT, last reply by lchiu7 on 24-Mar-2018 13:03 (50 replies)
Pages... 2 3 4

Cycle Helmets, Yes or No?
Created by tdgeek, last reply by Fred99 on 23-Mar-2018 11:37 (267 replies)
Pages... 16 17 18

Cockroach question
Created by Rikkitic, last reply by neb on 24-Mar-2018 10:48 (49 replies)
Pages... 2 3 4

First Driverless Car Death
Created by networkn, last reply by bazzer on 24-Mar-2018 01:12 (76 replies)
Pages... 4 5 6

Drinking in NZ
Created by networkn, last reply by MikeAqua on 22-Mar-2018 14:26 (59 replies)
Pages... 2 3 4

Any Audible users out here?
Created by lchiu7, last reply by jonathan18 on 21-Mar-2018 11:10 (26 replies)
Pages... 2

Vodafone 5G
Created by DjShadow, last reply by Rikkitic on 23-Mar-2018 16:55 (12 replies)