The Mythology of Mobile Payments

The Mythology of Mobile Payments

Myths are keeping Americans from making the jump to mobile payments. Even though nearly half of Americans are smartphone users, the United States hasn't embraced mobile payments as eagerly as other countries. There are many myths surrounding the idea of mobile payments that have likely contributed to this slow adoption. Now that the mobile payments market is expected to grow from $16 billion in 2010, to $200 billion in 2015, its time to address these myths.

Add a Comment

Login or register to post comments


Nathaniel's picture

Mobile payment products are the newest thing when it comes to financial technology. Some think the systems, which use cell phones to make payments ordinarily done with a card, will replace cash and plastic totally. One step is already used, as Google Wallet, Google's mobile payment program, is now dealing with all credit and debit cards, where it previously worked only with MasterCard. Read more here.