Mobile commerce hype has backfired.

Mobile commerce hype has backfired. According to a study by A T Kearny, only 1% of mobile users surveyed world-wide in January said they intended to use Internet-enabled mobile phones for any type of transaction. This was down from 12% a year earlier and 32% in June 2000. "The more they have used it, the less they have liked it," said Paul Collins, who led the research. Nonetheless, there is still a lot of interest in using m-cash for small payments. The story is in the Wall Street Journal [paid subscription required].