Now no need to carry your credit card while traveling. Now mobile phone user can use their mobile phone as credit card. The world’s biggest credit card payment system, Visa has launched a universal system, which turns mobile phone into wallet. Visa has signed a deal with mobile giant, Nokia to launch this service in Nokia handsets. This platform will allow mobile users for contactless payments, remote payments person-to-person payments, and mobile coupons. Customer would be able to manage their payment accounts and funds from their mobile phones. Even IBM has also helped to create the mobile payment system. According to company sources, Visa card system is currently generating US$4 trillion revenue. Initially, the mobile payment system will offer contactless mobile payment over mobile telephony networks, coupons and direct marketing. . Later on, the service will also include remote payment through mobile telephony networks and person-to-person payment.