Monday, November 05, 2007 Forget your wallet, use the cellphone

Cellphone payments have been in use in Asia for years. But North Americans have been slow to adopt the technology. In fact they have been less than speedy to adopt so-called contactless payments, like Paypass, although it was recently adopted by Tim Hortons. But the time for Cell phone payments may be here. RBC has launched a pilot, which will be carried out in conjunction with Visa. The latter recently conducted a suurvey which showed that over 50% of the respondents favoured some type of cell phone payment system. Forget your wallet, use the cellphone

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