M-Payment Services Will Pay Off For U.S. Operators – Strategy Analytics

Verizon Wireless’ decision to partner with Obopay (announcing an m-payment service enabled as a BREW application) will likely pay dividends, according to research from Strategy Analytics. It bases much of its optimism on the examples offered by Japan and Korea, countries where operators have pioneered cashless services and transactions for train tickets, vending machines and parking meters.

Against this backdrop, the research firm predicts “significant activity in the form of payment and ticketing trials towards the end of 2007.” It forecasts $36 billion in spending via contactless payment interfaces on mobile phones by 2011. (No idea of the increase from today’s level though

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