Mobile Payment technology is there, but the ecosystem is missing.

By Monty Metzger • February 26, 2009

Giesecke Devrient MWC'09 Robert Pereira de Azambuja, Industrial Engineer & Key Account Manager at Giesecke & Devrient, talks about the latest technology developments for Near Field Communication (NFC)

Mobile Wallet:
Giesecke & Devrient has developed NFC-enabled SIM cards to realize secure mobile payment. “Imagine going out for the night and only taking your mobile phone with you” said Robert Pereira de Azambuja, Industrial Engineer & Key Account Manager at Giesecke & Devrient.

Robert shows me how to use a mobile coupon and pay a restaurant bill with your mobile phone. The technology is already working, what is missing is the ecosystem for mobile payment.

In theory, any card that you carry in your wallet could be on your mobile in the future. The main challenge is to bring mobile operators, handset manufacturers and key players from the transport and finance sectors together to form the foundations for commercial NFC on mobile services.

A key question for MOCOM 2020 is:
Will Mobile Payment be widely distributed in Europe and USA in 2020?

Video-Interview at Mobile World Congress 2009 (MWC09) in Barcelona:

Categories: Technology
Tags: MWC, NFC

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About the Author

Monty Metzger

Monty Metzger is an Entrepreneur, Blogger and Trend-Scout. He is initiator and head of the MOCOM2020 project. He studied Business Administration in Germany and Switzerland and specialiced early on electronic Marketing. Since Monty founded his first company in 1998 he realised inspiring projects like BMW’s Web TV in 2001 or BMW’s first Mobile Marketing activities in 2002. He attended the “Innovation Academy” at the Harvard Business School and is blogging at monty.de He found the german office of the global Trend Research and Trend Consultancy “CScout” and expanded the company in China. Since 2008 he is focusing on the growth of “Ahead of Time“, an innovation agency focusing on Emerging Media, such as Social Media and Mobile Media.