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In an unprecedented show of collaboration, Canada’s three main wireless companies will unveil a service Monday that will let people exchange money through their cellphones.
The move is the first step in creating electronic wallets that contain not only cash but also other essentials such as credit cards and personal identification. Although mobile payment services exist in other countries, the Canadian phone companies say their offering is the first built through full industry collaboration.
But eventually, people will realize that all they have to carry with them is a cell phone, not a wallet