In the US, Google already runs a similar service, Google Wallet, while Microsoft has unveiled plans for its own NFC-based Wallet Hub for WindowsPhone handsets.
Open and secure NFC-connectivity makes it possible to share and receive content by tapping with compatible devices, or make secure payments using the Wallet application in WindowsPhone 8.
WindowsPhone 8 brings together the best of new wallet technologies, including payments via near-field communications (NFC).1 The Wallet can also store your debit, credit, loyalty and membership card information on your phone.