Mobile Wallets in our mobile-driven Age.

It is exciting to see how the NFC technology helps manage your bank accounts through your cell phones: mobile commerce transactions, mobile ticketing and purchase of mobile coupons, money transfer, micropayments and more. 

Connectikpeople.co talks about Mobile wallets: electronic accounts that enable people to manage their bank accounts through their cell phones. 

Increased awareness about mobile wallets are encouraged by Connectikpeople.co as this technology is more secure than physical wallets, so that consumers do not have to carry them. 

Beyond infrastructural inadequacies are a major challenge in the market, Researchand Markets explains that: ‘’Hindrances in communication systems and lack of accessibility and interoperability are some of the fallouts of infrastructural inadequacies, especially in the APAC region. Mobile wallet is a new concept, and, therefore, its success is highly dependent on the confidence level of end-users. However, these infrastructure issues can inhibit end-users' confidence’’.

Vendors include: include: Google ; Amazon.com ; Apple ; Citrus Payment Solutions ; First Data ; MasterCard ; One97 Communications ; Oxigen Services India ; PayPal ; Softcard ; Visa ; Airtel Money ; Alipay  M-Pesa and more.