Alcatel: Why our mobile wallet will replace real ones

Alcatel-Lucent has offered its solution to the fragmented mobile-commerce market, the Mobile Wallet Service, which the equipment maker says will eliminate the need for pocket wallets. In an interview, Alcatel-Lucent's Anthony Belpaire noted that, "Many more consumers have a mobile device in hand compared to people who have a banking relationship or account." In a related story, South African carrier Vodacom said it would team up with Nedbank to offer mobile-banking services.

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