Category archives: Mobile Payments

Paradoxically, it was the country’s reluctance to adopt conventional banking that led to almost universal adoption of mobile payments.

The evolution of money looks like this: barter, coins, paper, plastic and now, phones.

Today, 95 percent of Americans own a cellphone and 77 percent of those are smartphones. Mobile phone users will likely climb to almost 5 billion by 2020.

Today, 95 percent of Americans own a cellphone and 77 percent of those are smartphones. Mobile phone users will likely climb to almost 5 billion by 2020.

Digital payments are clearly the wave of the future but people will likely be using familiar folding money for awhile longer.

Your cell phone can be your wallet, but most people are still too worried about hackers to switch from paying with cards and cash.