The Future of Mobile Payments

We know that mobile payments are redefining commerce, but will our phones soon replace our wallets?

PayPal seems to think so. The payments giant boldly predicts that the wallet will be dead by 2015. It’s putting its money where its mouth is: It recently acquired mobile payments provider Zong for $240 million.

PayPal isn’t the only one getting into the game though. Google recently launched Google Wallet, the search giant’s mobile payment system, and Visa recently made a strategic investment in Square, the mobile payments platform now worth more than $1.4 billion.

Professional community service G+ decided to look deeper into mobile payment trends and created an infographic that tracks what experts and analysts believe will happen to mobile commerce in the next four years, including what will happen with near field communication (NFC). G+ also compared some of the current players in the mobile payment space.

Check out the infographic.

About The Author

Ryan Atkinson

Ryan Atkinson

Ryan is a proven marketing professional who entered the cycling industry in 1994.