Mobile carriers AT&T and Verizon, along with T-Mobile, are looking to get your shopping dollars. The big three wireless carriers are reportedly working on a “contactless” solution that will let consumers pay for purchases with their smartphones.
The time may be right for contactless payments, as U.S. consumers increasingly turn to their mobile phones for purposes well beyond placing calls. Making payments with their smartphones will become a way of life, experts predict. Similar programs are currently popular in Japan, Turkey and the United Kingdom.
The pilot will reportedly kick off in the next 2-4 months in Atlanta, GA, before launching in three other U.S. cities.
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.