Siemens Communications, Media and Technology (CMT) will be launching its new walletXpress mobile payment platform, which offers new services and products in the area of multimedia, ticketing, energy and healthcare, at the upcoming Mobile Money Global. The annual conference and exhibition is taking place in Dubai from 1-2 November and gathers the who’s who in the mobile money industry.

Siemens will demonstrate the walletXpress platform for the unbanked and developing countries as well as its evolution in other verticals, such as multimedia systems, and show how NFC technology is supported.

Parks Associates' new research Mobile Payment: Technologies and Business Models shows that NFC will become a standard feature on smartphones over the next few years as consumers respond to the convenience of the "mobile wallet" for making payments.