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A current total of 35 million smart card users equates to 1% of mobile phone users. Even if smart card issuance rises to the Smart Card Alliances predicted 60 million in 2008 the market falls far short of the predicted increase of 900 million mobile phone subscribers. The odds are that with 4 billion mobile users in 2009 and maybe 100 million smart card users you won't need an investment expert to see the risk in a smart card investment. Mobiles can do more things in more places than smart cards. The big money is going toward mobile infrastructure, not smart card infrastructure. It's really hard to see it gaining traction.
Simply ask yourself the question - which would you rather carry if you were only carrying one device?
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