Ecommerce and Retail

The Digital Wallet and the Future of Payments

In 2011, the number of global mobile payment transactions is going to reach $241 billion but by 2015, that’s expected to exceed $1 trillion! No doubt that’s why every credit card company and online payment gateway is hard at work investing hundreds of millions of dollars into Near Field Communications technology and payment methodologies.

With the proliferation of broadband networks and mobile devices, the way we pay for things is expected to change dramatically over the next few years. We’ve come from shells and beads to paper money to the ubiquitous credit card over the course of a few thousand years.

Via Intuit

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