Whether shopping at home or browsing in store, mobile devices are increasingly becoming a go-to way for consumers to pay.
According to research by Business Insider Intelligence, in-store mobile payments are expected to reach $189 billion by 2018. As new payment technologies continue to evolve and power digital wallets, and more and more merchants become able to accept credit and debit payments, the mobile payments industry will skyrocket.
Behind this growing trend are innovations like Visa Checkout and the use of Visa cards through Apple Pay, Android Pay and Samsung Pay, which each offer more secure payment solutions while making mobile transactions more seamless than previously imaginable.
As mobile purchase barriers continue to come down, don’t be surprised if digital or mobile wallets will eventually replace the plastic cards and cash shoppers used to carry.