Japan moving much faster than the rest of the world in mobile technology, is now planning to introduce “Wallet phones”. We already know Japanese are no more using their mobile phones are just phone, but they have integrated their Television and Internet devices and much more into their phones. Now that they are planning to stop using wallets.

The Wallet phone will have an integrated micro-chip which will communicate with readers in railway stations, Stores, and vending machines for cashless payments. Now that their plan is to release this technology world wide and not only in their country. An official at the Ministry of Internal Affairs and Communications, Masayuki Ito, said the move was designed to help Japan’s carriers and manufacturers play catch-up in the global market.

[Via- Telegeography]