November 12, 2012

The Uncertain Future of the Digital Wallet

Simon Hill, Digital Trends


AP Photo

Mobile payments. NFC. RFID. Digital Wallets. We’ve been hearing about these buzzwords for years. Entire companies have thrown their weight behind various mobile payment systems on many occasions, including Google. Yet, despite the attention the space has gotten, mainstream adoption remains elusive. According to a Gartner forecast back in May, there will be 448 million mobile payment users transacting $617 billion worth of business by 2016. That could be the case, but there are some important questions that remain unanswered.

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TAGGED: NFC, digital wallet