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      11-27-2008, 11:03 AM   #57
MB330
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Quote:
The world's top firms such as Visa Inc and Nokia are still mostly testing phone use for payments, but in Japan, more than 50 million, or about half of all cellphone users, already carry phones capable of serving as wallets.

Japan has pioneered not just the technology but also the business models that will pave the way for wallet phones to become a standard payment method in the future. Some 700 million people worldwide are expected to own such phones by 2013.
USAToday article
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