Will Mobile Devices Soon Be the Dominant Channel for Payment Transactions?

It seems as if mobile technology (smart phones and tablets in particular) a very hot subject right now when it comes to the near term future for payment transactions. This arises because of the huge rise in smart phone sales all over the world in the last few years and in more recent times, the fast growth of tablet computer devices. Although innovations are exciting in this article, we will briefly explore whether such devices will soon really become the dominant payment channel of choice. We will therefore look at arguments for and against this prediction.

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