Cell Phone Payments From NTT DoCoMo

Your cell phone will eventually be your wallet.

A good article about MasterCard's upcoming IPO has some impacts on the mobile phone payment industry.

Start looking for phone manufacturers and service providers getting into this space as a way to keep customers and increase their average revenue per user (ARPU).

Nokia and Motorola are testing cell phones that read RFID tags, and Japan's NTT DoCoMo Inc. plans to launch new cell phones next year that can function like credit cards, in partnership with Sumitomo Mitsui Financial Group, the world's largest bank.

I expected to see service providers buy into credit card companies or banks to tap into this wave. NTT DoCoMo already did.