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.
Mobile payments expected to see strong 5-year growth
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