Motorola M-Wallet Solution Announced

Motorola Helps Subscribers Leave Their Wallets at Home — New solution makes it simple to pay bills, conduct money transfers and complete point-of-sale purchases with your mobile phone

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 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.

Motorola’s M-Wallet also addresses the needs of companies that wish to innovatively market their goods and services. 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.

“Mobile phones are no longer just about conducting conversations, they are now emerging as a center of people’s lives for every day transactions,” said Navin Mehta, Motorola’s vice president of Applications Management. “With M-Wallet, Motorola continues to offer industry leading applications that not only bring convenience and flexibility to subscribers but help operators differentiate and advance their portfolios to increase mobile data usage.”

Motorola will be demonstrating the M-Wallet solution at 3GSM in Barcelona Feb. 13 -16, 2006 at the Motorola booth, Hall 8, Stand A07.