The mobile wallet is on is way:
Wireless-chip giant Qualcomm expects to launch a wireless-gift-card-and-transaction service late this year called Swagg, another step toward the San Diego company’s ultimate goal of having cell phones replace credit cards and become a mobile wallet for consumers.
Paul Jacobs has an eloquent quote on the mobile internet at the close of the article:
“The Internet you take with you is becoming more and more integrated into your life,” he said. “It changes the Internet from a sit-down experience to a carry-along experience, and that makes it real-time, location-aware, making it into something with a lot more context to it. And it becomes more personalized.”
Source: Sign On San Diego
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The iPhone can do the same as credit card, It is good to use in our business.