E-Commerce Times Talkback
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Back in early 2000, mobile commerce seemed to have sky-high potential. A global survey
found that 61 percent of respondents imagined they soon would be using wireless devices
as universal payment tools, and the analysts who compiled the survey predicted that overall revenue generated by m-commerce would total $100 billion in 2003. Needless to say, almost none of the hype surrounding this technology bore fruit in reality. Is m-commerce dead -- or is it just a sleeping giant whose time has yet to come?
It is absolutely NOT dead, but just now being born. Your cell # will soon be your credit card #, and the camera in your phone is now a barcode scanner and text translator. All catalogs and advertisements will soon have barcodes included!
My company is developing these solutions!
email me if you want to know more..
Here in Europe M-Commerce is sloqing rolling out. Vodafone has a product called M-Pay that lets users buy Tickets and other items and have them billed to either a credit card or the phone bill.
Friends in Finland do not carry change for parking anymore; they just text the machine and it is credited to their phone bill. Even in Germany the networks have schemes, this is a country that likes to pay cash!
Just as you were slow to see the value in SMS this is something that will follow once you start living in the Thumb Tribe! It will take you longer in the US as you don't have a single standard, the other issue is that because of size you cannot give blanket coverage. But the SIM card in your phone is more secure than the plastic in your pocket and so it is just a question of time before you take the technology, repackage it and then sell it back to us.
Dear Mr. Ward,
Thank you for taking the pulse of the wireless wallet industry. As the CEO of one of the key companies in this field, I, as expected, see the cup as half full. I believe as such, since ViVOtech is rolling out the exact wireless wallet solution as you mention (customer walks up to point of sale, points a PDA/mobile telephone, and, bingo, the cash register responds and approves the sale) in five major cities in the United States with approximately 50,000 users now and two other countries in the near future. Whereas ViVOtech's initial success has not bubbled up to the likes of your stories but soon it will become apparent that the challenges you so eloquently delineate have been conquered step-by-step.
All the best.