Mobile Phone Payment Processing

mobile wallet

In the next 2 years, 20% of all mobile phones sold will have the ability to make payments through NFC (Near Field Communications).. a technology that allows a handshake and digital payment when your device is placed within a few inches of a terminal. Many people are predicting that this may be the end of currency as we know it. No doubt that it will impact the way shoppers will shop and purchase goods via retail outlet!

mobile wallet payment infographic

The Gerson Lehrman Group developed this infographic for it’s G+ Site. According to their website:

G+ is a community where the world’s most active and influential professionals, academics and entrepreneurs connect. G+ provides a place for people to engage with like-minded individuals in ways they haven’t considered, start new conversations, ask the important questions and propose ideas online and at in-person meetings.

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