Here’s an interesting stat- it was estimated that by the end of 2009, there were about 4.6 billion mobile cellular subscriptions worldwide. So to use these devices for transactions seems a natural! Japan, Denmark and other countries have been doing this for some time, and now the North American market seems especially ripe.
Using your mobile phone to pay for purchases is becoming more of a reality thanks to the efforts of eBay, Google and others. Earlier this year, eBay introduced two new iPhone applications, designed to make sellers’ lives easier when it comes to listing items from their Apple phones. The company claims its primary iPhone app, which is available in more than 190 countries and eight languages, has been downloaded 8 million times to date, and that 1 item is purchased using eBay mobile every 2 seconds. They estimate $1.5 billion worth of goods will be sold via mobile phones in 2010.
