By 2014, mobile and Internet technology will help over 3 billion of the world's adults to electronically transact. Emerging economies will see increase in mobile and Internet adoption through 2014. Worldwide mobile penetration rate will get to 90%. - "Gartner's
Top Predictions for IT Organizations and Users, 2010 and Beyond: A New Balance"
1. You (already have or) will get a mobile.
2. You'll use it to transact - everywhere.
3. Mobile transaction systems will compete and one will dominate. It won't be an iPhone or any other proprietary phone manufacturer's system. It won't be the telco providing it and it probably won't be
your bank either.
4. Ease, security, cost and merchants will drive uptake of whatever transaction system dominates, and one will.
5. By 2015 cards will have all but disappeared except for the holdouts who end up costing the card networks too much to support. Mobile will outservice and for the merchants - outprice it (and price will influence especially when adding in the real costs
- like PCI compliance, breaches - in spite of, etc..)
Time will tell.
'More's Law' on fraud