The Mobile Payment Future

Posted on July 8, 2011

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[Ben Parr, mashable.com]

“We know that mobile payments are redefining commerce, but will our phones soon replace our wallets?

PayPal seems to think so. The payments giant boldly predicts that the wallet will be dead by 2015. It’s putting its money where its mouth is: It recently acquired mobile payments provider Zong for $240 million.

PayPal isn’t the only one getting into the game though. Google recently launched Google Wallet, the search giant’s mobile payment system, and Visa recently made a strategic investment in Square, the mobile payments platform now worth more than $1.4 billion…”

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Posted in: Business, Tech