September 16, 2019

MOBILE PAYMENTS TO “GO MAINSTREAM” BY 2019

Banking on the goBy 2019, mobile payments in the U.S. will reach  $142 billion, up from the current $50 billion,” according to research firm Forrester.

In a report released on Nov. 17 and reported in the New York Times, the mobile payments industry has matured over the past five years and has enjoyed consistent growth across all genres.

Surveying a dozen mobile payments companies, including PayPal and Visa, Forrester found that “the shift to mobile commerce was growing quickly.” Expectations are that the next five years “will be the tipping point bringing mobile payments into the mainstream.”