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Technology / Networks

Show me the money!

I attended a social gathering hosted by mobile banking and payments service provider, Monetise, this morning.

And there was a lot of mingling going on, as a gaggle of tech experts from all walks of life congregated to discuss the future of mobile payments.

The more we all chatted about it, the more it became apparent that paying for goods via a mobile phone is not just something looming large in the coming years. It’s very much here and now.

New research has shown that plenty of people have paid for something or another over their mobile phone and the overwhelming majority expect, and would be happy, to do so in the coming months.

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As is always the case with tech, mobile payments have come on in leaps and bounds in a short space of time.

When I was a wee boy, my parents would mail each of my Australian cousins a crisp £20 note on their birthdays. My Aunt and Uncle in Oz would, in turn, send me an AUS$20 note on my special day. I was being screwed financially even in my younger years.

But, these days, my three nephews and my niece are likely to get the likes of an itunes voucher, which they can spend on their favourite films, songs etc. They will grow up in a world where paying for things online and via mobile devices will be the norm, as long as poor old Unky Dunky keeps coughing up the vouchers.

Comments from experts who I met at the event (and who are not quite so bitter about the Pound Sterling/Australian dollar exchange rate) will be published in the coming week so stay tuned!

This article is from the CBROnline archive: some formatting and images may not be present.