Japan to have 50m wallet phones by 2010

Eurotechnology Japan KK estimates that within this year about 30 million phones in Japan will be wallet phones which can serve as electronic cash, mobile credit cards, ATM cards, apartment keys and train tickets.
The consulting house predicts that if current adoption rates continue about 50 million wallet phones be in the hands of subscribers in Japan around 2010.
Wallet phones are likely to change the face of the credit card industry, and create new industries. This impact is only starting now.
Eurotechnology Japan calls wallet phones innovation and disruption for established industries, such as credit cards.
Wallet phones in principle can take over all functions, which our wallet has. Wallet phones enable mobile operators to enter new industries, especially the payment and credit card industries.