Paying bills on time, transferring money to a friend in the same or different country, or making a purchase at a retail store just got easier with Motorola’s (NYSE: MOT) M-Wallet Solution, announced today. Motorola’s M-Wallet features an easy-to-use mobile interface that gives the consumer quick access to the financial world virtually anywhere, anytime, in a secure and convenient way—eliminating the need to carry a credit or debit card in your wallet.
For example, merchants can issue virtual loyalty or gift cards directly to their customer’s mobile phone. These cards can be redeemed via a mobile phone or can allow customers to conduct secure point-of-sale transactions, collect loyalty point, and obtain store receipts at existing retail merchant locations. M-Wallet users must opt-in to receive coupons or other promotional services, allowing them to choose preferred merchants who participate in the program and thereby reducing spam.
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