1. 'Text a tenner'
Lending a friend £10 or splitting and paying a restaurant bill with friends will be as straightforward as sending a text from your mobile phone. You'll simply send money instantly from one phone to another by SMS.

2. Mobile Barcodes
Shops, restaurants and theatres will text or email you tickets, vouchers and special offers in the form of barcodes which can be displayed on your mobile phone. And all you'll do is scan them on arrival to receive the benefit.

3. Shopping by text
Savvy shoppers will be able to buy items from advertising billboards, magazines or TV adverts simply by texting the code on the advert to the store which will debit their bank account and mail out the desired product.

4. Holiday money
No more running out of foreign currency or worrying about stolen or cloned credit cards. Travellers will be able to load up a pre-paid currency card from their mobile phone, lock and unlock their credit cards from their handset and get text alerts to confirm when their card has been used overseas.

5. Text for a balance-check
Queuing in the cold at an ATM or waiting for the next available call centre operator simply to find out your bank balance will become a thing of the past. You will just send a text from your mobile and receive a reply containing your bank balance in seconds.

6. Money management on the move
With loads of new smartphones, many featuring Google's Android technology, joining Apple's iPhone as must-have gadgets in 2010, people will be able to use bespoke applications to check their balance, pay bills and move money from account to account with just a few taps on a screen.

7. Overdraft text alerts
There will be no more fear of plunging into the red or worrying if your salary has been paid in 2010, with banks offering to text their customers when they approach their overdraft limit or when a payment has been paid.

8. 'Click and Pay' bills
No more paper bills or having to log into multiple websites - 2010 will see 'billing by text' for many people. Registered users will get a text telling them how much their bill is and enabling them to just click to pay it.

9. Touch and pay goods and services
Commuters in London already enjoy 'touch and pay' technology to travel around the capital. 2010 will see more people able to use the same technology, this time on their mobile phone, to buy a cup of coffee, a new book or a haircut.

10. Mobile Money goes global.
In many parts of the world, banks are few and far between, so the mobile phone is destined to transform the way millions of people look after their money, make payments, shop and trade. 2010 will see massive expansion in the coverage of these services in Africa, India and Asia.