Motorola has announced a new mobile payment and transaction system known as M-Wallet for the US market. The M-Wallet service will come in the form of a downloadable application, compatible with not only Motorola handsets, but also handsets from other manufacturers. The M-Wallet system will only allow banking transactions such as online bill payments, funds transfers, and purchases through participating retailers such as airlines.
For the technology to take off, Motorola needed to have agreements with carriers to support M-Wallet. Now Motorola has launched it and is going successfully.
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