A smart phone is a phone that has additional capabilities that were traditionally associated with computers. These capabilities include the ability to send e-mails and browse the World Wide Web. Examples of smartphones include the Blackberry and the iPhone. The cost of smartphones has come down considerably in the past year.
- Understanding the Mobile Wallet MarketShoppers with a mobile wallet app can start using their smartphones to make payments at any store that uses a near-field communication reader available at checkout. Lots of companies, from Google to startup Venmo have entered the mobile wallet market, and yet consumers are slow to adopt this new payment method. What’s behind the lack of popularity? Will mobile wallets ever become the norm? This Knowledge@Wharton article – with KWHS commentary from young Silicon Valley tech whiz Daniel Brusilovsky – explores these questions and more.
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