For those that weren’t aware, your wallet in the future are likely to shrink. You will use your phone for all mobile payments and losing your phone could be damning.

And its nearer than you think.

While mobile payment war this week was disrupted with the massive news of Starbucks collaborating with Square to handle all their payment services, I believe in Singapore it is entirely different.

IDA have always been quick to set up consortium to ensure that Singapore remains at the forefront of technology adoption and that they are delivered successfully.

By that it means that consumers get to gain from the services provided, while to service provider do not crumble due to initial growing pains.

IDA have recently announce how mobile payment would be shaped in Singapore.

Not many NFC enabled handsets now

For sure the NFC Sim just stores the users secure meta data, but ...