Nokia has noticed that there are 4 billion global cell phone users, but only 1.6 billion bank accounts. They're about to launch Nokia Money, a new way to send and receive payments using your cell phone number. This move could make Nokia a leading global ATM really fast, especially in third-world countries where it's more common to own a phone than a checking account.
If Nokia gets its way, the next time you're splitting the bill, buying groceries or that Diet Coke at a vending machine, you might be paying with your phone.
Security is obviously the big concern here which is why I think it's just a matter of time before biometrics are integrated into mobile devices.
