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Can the mobile phone be the new digital wallet?

We are moving closer and closer to being able to pay for everything on your phone but are we willing to give up our plastic and cash for a faster way to check out?

The idea is if banks, mobile carriers and retailers can influence customers to want a digital wallet, actually use it and have an easy and intuitive experience then a digital wallet can be successful.

In theory I would love to pay for purchases on my phone it would be another tool that makes life easier. However, the thought of all my financial information on a device that I regularly let my nieces play with is downright frightening.

Who knows how long until something like this is possible beyond what Starbucks already does but let’s just say I won’t be a champion for it in the near future.

Would you be willing to trade your wallet for a digital one?

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