Transactions will total nearly $1 trillion by 2014
A sixfold increase in the volume of mobile payment transactions is on the way in the next four years, according to one research firm.
A forecast from Yankee Group predicts the worldwide transaction value of mobile payments will total $984 billion by 2014, up from $162 billion last year. That includes transactions from mobile banking, international and domestic remittances, contactless cards, mobile coupons and near-field communications.
Mobile is growing. Is your business preparing to make it convenient to do business with you through their mobile devices?