Imagine a mobile phone that is a computer, a music player, and a camera. Now take another flight of fancy and imagine one that is also your wallet.

Nokia, currently the corporate giant that makes more of the world's handsets than anyone else has recently announced that they are coming up with a model that will turn your mobile phone into your wallet.

This will work like an access card in a manner similar to your debit card by waving it over a wireless reader and then punching in a PIN. This will further decrease paper trails and lighten the load when you go shopping.

In Japan this concept is already being used and has been readily accepted by about 12.6 million users. If nothing else, this trend will make women happy as they find more room in their purses and have less "stuff" to lug around!