Digital Wallets

• Handset makers (eg. Nokia) planning to make this a std art of their phones
  --> prepaid plans --> mobile pyt plans in U.S. within 2 yrs (American banks and wireless companies)
• Generate hundred of millions in new transaction fees to offset a slow down in credit card use.
• As new customers become harder to find, the phone --> a way to get more out of existing ones.
  --> rake in more $ from data use and eventually, advertising (svc providers eg. Cingular wireless, largest U.S. wireless coy)