Mobile Payments To "Explode" By 2016: eMarketer
While U.S. consumers are still slow to use their phones to make payments in physical environments, the value of these payments is expected to rise 283 percent this year bringing the total transaction value of mobile payments in the U.S. to $640 million for 2012. This is according to a new report from eMarketer.
The report predicts that by 2016, the total transaction value of mobile payments in the U.S. will hit $62.24 billion. (You can see the predictions in the chart on the right).
eMarketer
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