Mobile Payment Among Top-5 Trends for 2011

Mobile payments are expected to be among the top-five trends in the payments business in 2011. Mobile devices are poised to become a primary form of payment for millions of people around the world, according to the Aite Group.

Mobile bill payments will reach $214 billion in gross dollar volume in 2015, up from $16 billion in 2010, which represents a 68 percent compound annual growth rate. A November 2010 Aite Group report stated “Over the past 12 to 18 months, the United States has begun to move closer to a tipping point that will lead to the popularization of mobile payments.

Five payment trends to watch in 2011 | VentureBeat