How to Get Ready for Mobile Commerce: What's in Your M-Wallet?

 
 
By Grant Seiffert  |  Posted 2008-05-20 Print this article Print
 
 
 
 
 
 
 


title=The Future of M-commerce: What's in Store?}

The Future of M-commerce: What's in Store?

M-commerce brings countless specific service offerings to the table. To begin with, count on seeing the following five in the future:

1. Mobile banking use of wireless payments. This will take place particularly in emerging markets that don't have strong penetration of personal computers or much wireline or financial infrastructure.

2. Bookstore and music store sales of electronic products such as e-books and videos. They will be downloadable in a few minutes or less and will be paid for using a wireless device.

3. Diners and bars expanding their jukebox music selections exponentially. They will stay connected continuously by hooking up to databases wirelessly. They will collect a fee for each customer song selection. 

4. Security and service monitoring companies tracking continuous data feeds from homes, businesses and even appliances. They will respond to problems, summon emergency help or simply arrange for the restocking of food and beverage items when the refrigerator reports that it's low on perishables.

5. Travel agencies monitoring confirmed bookings, noting scheduling delays and rebooking based on previously agreed upon parameters. These could include the rearranging of connecting transportation, the changing of restaurant reservation times, the notification to hotels of late arrivals, and the e-mailing of the new details to all parties. This will all be done either as a value-added service or in return for additional fees paid.

Mobile commerce, m-commerce or m-wallets-whatever you choose to call it; it will be a boon to businesses and to consumers as well. It's going to revolutionize our lives-just as the cell phone has done over the past decade.

 Grant Seiffert brings more than 15 years of experience to his role as president of the Telecommunications Industry Association. He is responsible for defining and overseeing the execution of the association's strategic vision, which spans membership, operations, business development, standards development, security and legislative and regulatory affairs. He can be reached at gseiffert@tiaonline.org.  



 
 
 
 
Grant Seiffert brings more than 15 years of experience to his role as President of the Telecommunications Industry Association (http://www.tiaonline.org/ ). He is responsible for defining and overseeing the execution of the associationÔÇÖs strategic vision, which spans membership, operations, business development, standards development, security, and legislative and regulatory affairs. He can be reached at gseiffert@tiaonline.org.
 
 
 
 
 
 
 

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