In an article on O’Reilly this week I read an interesting discussion on the mobile wallet. Naveed Anwar of Paypal coined the on-demand wallet.
The mobile wallet is necessarily an on-demand wallet, meaning it’s accessible from different devices and platforms and can hold more than any wallet in your back pocket: multiple funding sources, coupons, receipts, loyalty cards, private label cards, and business cards … and that’s just the start.
I believe too that we are moving to a new form of wallet after all and that this will be a service more than a physical thing. A service that can be used from different places and devices. On the other hand I think we need long time some kind of tangible reference points. It is no problem to combine those however.
Continue reading The wallet as a service