Well, probably not everything. But technology tastemakers are hinting that 2013 could be the year of the mobile wallet, as consumers get more comfortable and confident using their smartphones to make on-the-go purchases.
On The VergeWhile people have used their smartphones to shop online for several years, “tap and pay” transactions are just now catching on. Mobile payments hit $172 billion in 2012 globally, a 62 percent increase over the prior year.
“Everyone is waiting for the inflection point,” says Doug Busk, director of Mobile Technologies and Strategies for
The point of sale is next, which is good news for merchants, consumers and, according to Busk,
Cashless = PricelessSmartphone users can download the Isis Mobile Wallet app and securely add debit, credit and loyalty cards, coupons, tickets and more, which they can use to pay for purchases at participating stores — and vending machines.
In Austin, Texas,
A My Coke Rewards membership with 30 points comes preloaded in the Isis Mobile Wallet. Consumers can enjoy their first beverage — and every 10th drink after that — for free, while racking up points that can eventually be redeemed online for merchandise and special offers.
“We’re going beyond payment into loyalty,” explains Busk, who showcased the Isis-enabled vending machines during an AT&T developer conference this month at the Consumer Electronics Show in Las Vegas. “This technology removes the friction of having to open a bottle of Coke, look under the cap to find a code, sign up for My Coke Rewards and log points online. And any time you remove friction, you see increases in frequency.”
Dan Avenick, director Foodservice and On-Premise Strategy and Development,
Putting Muscle into MobileIsis is one of several mobile commerce technologies
Coca-Cola is testing several mobile commerce technologies, including Google Wallet.
“This is a unique opportunity for us to take two steps at once,” Avenick says. “We’re aggressively deploying flexible payment devices across our U.S. vending fleet to accept credit and debit cards and put us in the lead by accepting a number of mobile payment solutions.”
Coca-Cola is also working with stores and restaurants to help them use mobile payment options to help them connect with customers and cut costs.
"We’re serious about mobile innovation,” says Tom Daly, Coke’s group director, Global Connections. "Mobile is the closest you can get to the consumer, so that four-inch-by-two-inch screen is critically important for us. We want to use a phone in one hand to put a Coke in the other.”
More on Journey
- Coca-Cola Consolidated Opens Sales and Distribution Center in S.C.
Coca-Colais Providing Even Greater Product and Ingredient Transparency
Joining Forces at the UN Forum:
Coca-ColaContinues Working Toward Sustainable Development Goals
- Coke North America Uses Indiegogo for Test-and-Learn Pilot of Valser Mineral Water
- Coca-Cola to Acquire Minority Stake in BODYARMOR with Path to Ownership