Using a mobile phone as a payment device.
In the U.S. proximity mobile payments are not yet very popular. It is estimated that such point-of-sale payments using a mobile phone as a payment device, whether via near-field communications or other contactless technology, will total just $640 million this year. But that’s an increase of 283% over last year’s even smaller base, and a number that will rise a further 234% by the end of next year.
Continue reading… “By 2016 proximity mobile payments will explode in the U.S.”
