Wireless devices such as mobile phones are reaching critical mass, and U.S. consumers will gradually begin to adopt wireless financial services, according to a recent study. GartnerG2, a research
service from Gartner, Inc., is touting results that show U.S. consumers using wireless banking services on a regular basis will total more than 7 million by 2005, up from 500,000 in 2001. GartnerG2
predicts 1.2 million U.S. consumers will be using wireless financial services in 2002, and the number of users will grow to 2.6 million in 2003. Wireless financial services will become intertwined
with various types of wireless transactions. Consumers will routinely use wireless financial services to receive and pay bills, make cashless purchases, apply for credit or services that require
identity validation, and get cash from an ATM or live teller.
