Friday, 19 July, 2019

Smartphone: the wallet of tomorrow?

Our smartphone is only used to phone and it’s been a while already. It concedes many functions: take pictures, surf the internet, post on social networks, answer e-mails, watch movies … so why not replace our wallet?

This question is about to be resolved. With the contactless payment linked to the credit card, the company is slowly adapting to dematerialized payment. It is now possible to pay directly with your smartphone. Presentation of some applications allowing you these payments.


Apple is the first to have launched the mobile payment market in France with the development of Apple Pay last July. Directly associated with your phone, you just need to enter your bank details in the Wallet application of your IPhone. Then, you validate your purchases by presenting the mobile on the payment terminal and activating the Touch ID.


Paylib is an electronic portfolio developed by BPCE, Crédit Mutuel Arkea, Banque Postale, Société Générale and BNP Paribas. As an application on the smartphone, it allows to fill in these bank details upstream and use his phone as a credit card for contactless payments. To validate the payment, simply enter a password or register your fingerprint.

Facebook Messenger

Facebook meanwhile decided to develop mobile payment via Messenger. Indeed, he announced his willingness to invest this market by creating an algorithm scanning discussions and identifying keywords such as: price, additions, bill, fees … And so propose a payment button in the thread of the conversation.


Samsung will compete with Apple in September taking advantage of the launch of its new Galaxy Note 8 to enter the market. We still do not know much about the authentication system chosen by Samsung, but we let ourselves dream of a new system?

But also: voice and facial recognition

Nothing stops the developers! La Banque Postale is launching a payment for mobile purchases by voice recognition. To summarize, your voice replaces validation of payment by code or fingerprint. To do this, when you download the application, in addition to your banking data you record your voice by stating your first and last name and a standard sentence. The goal is to secure a little more payments by inserting a voice signature. Unfortunately it will still wait a little, because the application should be released during the summer of 2017.

PayPal wants to insert the facial recognition in the validation of the payment. Instead of stating his name and surname as for La Banque Postale you will need to take a selfie here to authenticate your purchase.

What we must remember about all these means of payment via mobile is that they are created in order to facilitate the customer journey and bring it to an end as naturally and simply as possible.