Mobile Payments Will Top $1 Trillion Worldwide by 2017 [REPORT]

Consumers and businesses worldwide will make more than $1 trillion in purchases from mobile devices by 2017, as the technology enabling mobile payments becomes increasingly common, according to a new report from IDC, a market research firm.

IDC predicts that the vast majority of these payments will come from mobile commerce, which includes things like making purchases through a company's mobile website. NFC payments will make up a significant chunk as well, as this technology comes to more smartphones and retailers upgrade to point-of-sale terminals.

"The growing prevalence of smartphones is enabling a variety of mobile payment methods, which combined are becoming a significant sha…
Continue reading...

More About: e-commerce, mobile payments, smartphone