Paying by smartphone 'the way to go'

16 June 2010 — 7:01 PM

Used mobile phones that have poor internet connections and slow download speeds could be recycled to raise cash to pay for a more modern model.

A new study by Juniper Research has revealed by 2012, mobile payment transactions will double in value to $200 billion (£135.4 billion).

That is because a surge in mobile transactions is expected because of smartphones with easy-to-use and secure payment applications.

The market will further be driven by the realisation of consumers that ecommerce purchases can be carried out over their handsets.

People who feel they need to organise their life more and a smartphone is the way to do it may decide to recycle used mobile phones in order to get their hands on some extra cash.

Author of the report Howard Wilcox stated: "Our research showed that the purchase experience has been enhanced by improved mobile commerce transaction processes due to faster mobile networks, more powerful devices and much more user-friendly smartphone apps."

People might want to keep their shopping habits to themselves, however.

Damovo UK recently highlighted that eight per cent of IT directors believe mobile gaming is a threat to mobile working, followed by watching television via a device (seven per cent).

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