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i don't think any downloadable mobile wallet is PCI compliant. PCI compliance needs the hardware also to be PCI certified alongwith the application, which is not posisble as a downloadable client.

so the whole mobile wallet industry is compromised here...

With everyone talking about mobile banking and the inherent drawback in all GSM / CDMA devices on the lack of proper encryption to EMV standards, has anyone explored the use of the smart E-SIM's ? these are "sticker SIM's" that have full encryption capability to DES / 3DES / MD5 standards and can be combined with any SIM and on any device.

A full banking application or even a mobile POS can be built on this E-SIM and be installed on any GSM device...

am wondering is anyone has explored this technology platform for mobile backing...and what are the technology challenges in here 

thanks