10% of Mobile Users Expected to Pay with Phones by 2015

At the inaugural MIT Sloan Hi-Tech conference last week, Google VP of commerce and payments Stephanie Tilenius shared some staggering statistics about the mobile phone market–pointing to a future where smartphone apps will replace ATM machines and checks.

Google is already testing Google Wallet, a mobile payment app that will let customers pay with a smartphone (video demonstration embedded above). What do you think? Check it out:

By 2015, 10 percent of mobile users will pay with their phones, and 2.5

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