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Will Smartphones Replace Your Wallet?

Not long ago, we wondered if credit cards would replace cash at the register (they did). Now, it seems even credit cards may be facing new competition — from smartphones. As more and more people arm themselves with smartphones, they are not only using them to make calls, browse the internet or play games. They’re increasingly using them as payment devices.

Thanks to new technology and smartphone apps, taking out your smartphone to pay at the register or swap money with a friend is no longer a possibility: it’s reality. Take a look at our infographic for an overview of the latest mobile payment technology, and experts’ predictions for its growth in the near future.

 

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