Tag Archives: phone

UK ‘could be living without cash in 10-15 years’

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When I read this line, “The UK could be living without cash in the next ten to 15 years” I thought there are quite a few people there already. Read the short article at this link: UK ‘could be living without cash in 10-15 years’.

Personally I think it is a little unlikely that cash will have disappeared by 2026. The Royal Mint don’t seem to be planning on winding their business down for then.

I do though agree that the steady march of eMoney developments will be a positive route forward for payments.

Is it a card? Is it a phone? No it’s eMoney and it will be used a whole manner of different ways. The issue of who pays for the EPOS/readers at retail is a real issue but we don’t need to suppose that the this must all be borne by the payments industry; there are huge benefits to retailers in having cashless shopping environments.

The absence of cash delivers:

  • Less theft.
  • Better audit trails.
  • Quicker transaction times.
  • No cash to be banked.
  • No cash floats required.

 

Mobile payments and pickpockets

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Google to power your mobile wallet?

The volume of mobile payments — buying boots via Zappos iPhone app, for example, or paying bills — is expected to climb to $214 billion by 2015, up from $16 billion in 2010, according to Aite Group, another financial services research firm.

And pay-by-phone is only going to get easier as our devices come embedded with Near Field Communication (NFC) devices that allow you to pay for your morning latte by waving your phone at the cash register.

via Your smartphone could be your most dangerous possession – Jan. 11, 2011.

The G1 Google Phone may be for me

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I’m rather excited by the pending arrival of the Google Phone, G1. But it will be a quandary for me.

Out of principal I would not buy an iPhone as I find their distribution approach offensive. I don’t want to move to O2 and I don’t want a new phone number. These are both things that were demanded at the UK launch of the iPhone.

This resulted in me finally abandoning Sony handsets (having worked for them in the 80s and 90s there was a bit of a loyalty) to get the functionality I wanted. I migrated to Blackberry Pearl 8100.

But the Google Phone is looking very exciting. That said, there are mixed views about the launch. Do I depart from Blackberry in favour of Google?

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