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Can Smartphone Manufacturers Win the Mobile Payments Race?

The payments industry in the US has been steadily rising as the hottest and most financially attractive segment within FinTech. Mobile payments, in particular, are on the verge of explosive growth and adoption in the coming years. If in 2015, US mobile payments transactions reached approximately $8.7 billion, by 2019, the number is expected to hit $142 billion.

Americans are reported to be using mobile payments on a regular basis with the total value of transactions in 2016 expected to triple to $27 billion. This is truly a time of a ‘gold rush’ and everyone is jumping on the bandwagon. An ...

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