Mobile Payments in the US Are Expected to Reach $142 Billion by 2019

Mobile payments are on the brink of becoming popular as we witness increased shipment of smartphones combined with mobile wallets, change in consumer habits and growing retail acceptance. On the whole, developed markets already have the device penetration and the infrastructure in place to support sophisticated mobile transactions between individuals as well as between consumers and financial institutions.

In 2015, US mobile payments transactions reached approximately $8.7 billion. Analysts predict that ...