Mobile Payments to hit $1 Trillion by 2017
I saw this on Forbes today.
Disruptive mobile technologies are shaking up traditional payment processes and mobile E-commerce is expected to exceed $1 trillion in worldwide volume by 2017, a new study says… more
This doesn’t surprise me. I went to a conference recently and many of the vendors accepted payments on their iPhone with a Square. It was extremely convenient and easy to use. Square works on Android as well.
I did some rough cocktail napkin calculations. If Square captures 10% market share in 2017, which is $100 billion, at 2.75% per swipe that’s about $2.75 billion. I could be way off but maybe not. Square is a major player in this space now and I think I’m grossly underestimating their impact in 2017. Just in case you were wondering Square is hiring by the way.




Is there any Free app for Reverse tethering….I need to have a data connection from my PC..