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Contactless Payment Is Next Big Thing Says APACS

Mobile phones could be the next hotbed for electronic payment says the Association of Payment Clearing Services (APACS); on top of being used by the user to make online payments, mobile phones could also act as contactless credit cards.

And this is the next step forward says the entity; A spokeswoman for APACS arguing that Near Field Communication or NFC is going to bring contactless transactions to the masses.

Jemma Smith added that "At some point the scales are going to tip to the point where people really do start using [mobile technology] and then it will potentially revolutionise the way that we pay for things,"

Her claims are backed up by a recent report by Juniper Research which predicts that the average mobile user will generate just under USD 1000 in purchases and other transactions over the next three years although hard cash would still remain the preferred way of paying for goods and services.

More than 90 percent of households now have a mobile phone with newer and more sophisticated models - with cameras, internet access and onboard GPS - being largely embraced by mainstream users.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.