Can a match-box shaped, mobile phone do all this? You must be thinking that, what? Could it replace cash? Till now it was not possible, but with the arriving of the news, that with the growing use of mobile phone and indigenous technology, it will be possible to pay all your bills of which you shop by your mobile phone only. Today we are just provided with the facility of paying the bills through internet but now, you don’t have a need to carry any credit card or cheques or even cash, as this facility will provide you the opportunity to shop with your mobile phone only.

In the recent survey by Forrester, commissioned by PayPal, it has been found that, in the year 2016 the UK shoppers will be allowed to make use of their mobile handset for paying on different items on the high street. This digital money will get you redeem of carrying heavy bags of cash and credit cards. In an interview of 10 senior executives from major UK businesses, they represent a combined 2010 turnover of £85 billion. It is discover that, half number of mobile users purchase from this device, every months and it is more and more increasing. So, with this increase in the number of the online retailers, there is a great need of giving this facility.

So to implement this, eBay is open a shop, encouraging visitors to pay with their mobile phones rather than with old system. Additionally, it will also include incentives such as location-based offers, digital loyalty cards and apps. Presently in the UK, the big names like PizzaExpress and Starbucks has recently make announcement to pay their bill with their mobile phone.

According to Managing Director of PayPal UK, Carl Scheible, in the next few years, there will be a great change in the society. By 2016, this 21st century digital wallet will allow you to leave your wallet at your home. And it will give birth to the UK’s first 'cashless generation'.