Japanese and South Korean mobile operators are betting future revenue growth on wallet phones--handsets with embedded chips that allow electronic payments--but the technology may be slow to take off in the rest of Asia.
"It would be safe to say mobile wallets would be available, if not common, in markets such as Singapore, Hong Kong, Taiwan and Australia before the next decade," said Ridhwan Bakar, an analyst with consultancy Frost & Sullivan Asia Pacific.
But whether the service enjoys the same demand as in Japan and South Korea will depend on the level of security and degree of participation by retailers, banks, content providers and the public transport system, he added.
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News.com
Sep 13, 2005, 04:48 PM
