When will smartphones replace our wallets?

Pay by Phone

Just as 8-Tracks led to tapes, tapes, led to CDs, and CDs led to MP3s, so too is that way we do our transactions changing. This is the early stage – it’s hard for most people to even imagine paying for things with their cell phones – but both technology and trending pop culture are pushing us all in that direction.

Will credit cards and even cash someday be replaced by mobile devices as the preferred method of payment when out in real life?

That’s the question that CreditSesame attempts to answer by taking a look at the way society is heading with regards to mobile payment mechanisms.

“What’s in your wallet?”

Perhaps the better question someday will be, “Why do you still carry a wallet?”

Click to enlarge.

Written by JD Rucker

+JD Rucker is Editor at Soshable, a Social Media Marketing Blog. He is a Christian, a husband, a father, and founder of both Judeo Christian Church and Dealer Authority. He drinks a lot of coffee, usually in the form of a 5-shot espresso over ice. Find him on Twitter, Facebook, and Pinterest.
SEE MORE ARTICLES BY "JD Rucker"

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2 Comments »

 
#1
Anonymous
May 9th, 2011 at 10:19 pm

The infographic definitely depicts the rapid movement of mobile payments and the amazing improvements in the near future! I can’t help but think how convenient this will be for consumers and how so many industries are already starting to jump on board. Brands are acknowledging that yes, this is a natural progression but more so, accepting that these advancements in mobile technology will not just benefit consumers but also benefit the brand.

Ann

 
 
#2
mobile payment trends
October 3rd, 2011 at 6:41 am

I can quit anything but not my phone. My iPhone became the most necessary thing for me. I also used to do checking of my phone and email accounts. After the launch of the new technology that is mobile banking facility, i used to make online transaction, checking my bank accounts and online shopping with my smart phone. I am enjoying all the ways my phone is giving to me to make me feel comfortable. With the results of rapid growth of the mobile payments i can all say is that yes, electronic wallets will replace the money wallets in the coming years from my point of view.

 

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