There are indications that mobile users are starting to warm up on mobile commerce and mobile banking which may eventually make these services. According to research firm Harris Interactive, 16 percent of mobile phone subscribers already use mobile banking services, with 60 percent of these people using the services at least once a week.

In terms of m-commerce, about a quarter of users with mobile access to the Internet now use their devices to buy goods and services online via a credit card.

Security remains the main stumbling block with 66% worrying about transmission of financial information.

"If security concerns can be quelled, the sky's the limit with consumer acceptance of mobile banking and purchase transactions. It's a very intriguing prospect for the near future, considering how people have already embraced a variety of mobile technologies beyond simple phone communications," said Joseph Porus, vice president, Harris Interactive, in a press release.