Near Field Communications Handsets and Tags, NFC Pilots and Projects

Episode 88: Defining the mobile wallet

Monday, December 19, 2011

With near field communication on the horizon and more handsets hitting the market that include the technology, what about the mobile wallet? The software the enables the chip on the phone to perform various tasks is necessary for anything to happen in the NFC ecosystem. The Mobey Forum released a white paper that examines the mobile wallet, what it is and what it does. Gerhard Romen, member of the board of directors at the Mobey Forum and director of Mobile Financial Services at Nokia, discusses the report and why the mobile wallet is more than just payments. Romen also gives his take on Verizon’s decision not to enable Google Wallet in the new Samsung handsets in favor of its soon-to-be-released ISIS.



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Auriemma Consulting Group is set to launch a comprehensive consumer study on the future of the mobile wallet.

The study comprises an overview of the current state of the UK mobile wallet space and attempts to answer “What comes next?” after launch. To determine the next stage of the mobile wallet, the study examines the features and benefits consumers expect on mobile wallets, and potential ways to expand the mobile wallets’ capabilities.

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The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

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UK mobile operator O2 has announced the launch of its O2 Wallet mobile money service.

O2 Wallet enables users transfer funds up to £500 to any UK mobile phone number, compare the prices of goods via bar code scan, receive coupons and offers, link credit and debit cards to their accounts, and shop online with a prepaid Visa O2 Money Account Card.

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Google has acquired payments technology company TxVia, Google Wallet chief Osama Bedier announced on the company’s blog.

According to Bedier, the acquisition will improve Google Wallet’s payments capabilities and help to “accelerate innovation towards our full Google Wallet vision.”

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