Mobile payments expected to see strong 5-year growth

04/4/2013 | Bank Systems & Technology

Mobile devices will see the highest growth among all retail payment types during the next five years, according to a Javelin consumer survey. Mobile payments are projected to reach $5.4 billion in 2018, compared with last year's $398 million total. "We're seeing a big push for mobile payments. Networks and banks are pursuing mobile opportunities, and merchants are more actively involved," said Aleia Van Dyke, Javelin payments analyst.

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