How Mobile Payments Will Change the Way the World Pays

Mobile payments will be our tomorrow. The segment is experiencing explosive growth and in-store payments are predicted to grow at a five-year compound annual growth rate of 154% to $189 billion in 2018 from $1.8 billion in 2013 in the US. In-store mobile payments will account for close to 4% of store transaction value by 2018. Another important fact to note is that these payments will be driven by millennials who have been the easy adopters of mobile wallets. According to statistics availa ...

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