Money is going Mobile!
We all made the move from Cash to checks to credit card to debit cards and it look like we are ready to start spending our cash via a mobile devises! no need to carry any cards, just carry your phone and you can buy anything. Mobile purchase has been around for a long time and when I talk about mobile payment I’m talking about people buy things on their phone, within a mobile application, with their phone number, using their physical handset, when they pay bills from their phone or when they split a tab via text message. All of it is mobile payment.
The mobile payment industry is about to find it’s pay day – it’s estimated that mobile payment will jump over 800%. In 2009 mobile pay companies processed 68.7 billion dollars by 2014 the industry is looking at processing 633.4 billion, not a bad return on investment if you ask me.
So are you ready for the mobile payment world? It’s coming, don’t you think you should start to get ready now, why wait to turn away that first customer who wants to pay with their smartphone.
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