New Infographic Outlines Where Mobile Payments Could Be Going
by Joe White
July 8, 2011
While Apple has yet to launch an NFC capable iPhone handset (and likely won't until next year), Google has already announced its own mobile payments services, via which users will be able to pay for goods using a smart phone at any MasterCard PayPass point. However, can we really expect mobile payments to take off? As Google notes, in the past few thousand years we've only changed the way we pay three times (coins, notes, cards). Who says this new method of payment is going to catch on?
The below infographic (which reached us via Mashable) outlines how successful mobile payments could provide to be, citing a variety of different sources. According to the infographic, by 2014 50 percent of all cell phones will use Near Field Communication technology, and NFC transactions are expected to approach $50 billion.
It's an interesting speculation, and what's more interesting is wondering how Apple is going to enter into the equation. Take a look at the infographic below, and let us know your thoughts in the comments.
[The infographic is provided by G+]
- Click to enlarge!
