IHS believes that the key to establishing the phone as a wallet replacement will be to expand the number of potential benefits for consumers.
By the end of 2017, there will be 3.4 billion smartphone handsets in use around the world capable of serving their owners as a digital alternative to a credit or debit card. All of which means we could be poised for a digital payments revolution and for lots of new incentives and rewards schemes focused on getting consumers to ditch their cards in favour of their phones.
However, just because a phone comes with a certain feature, there's no guarantee that its owner will ever use it. How many iPhone users can truly claim that they've launched its stocks app more than once?
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