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Hello mobile payments, goodbye fancy wallets [infographic]

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11 years ago

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We’ve heard the coming of Google Wallet a few weeks ago and the launch was said to be somewhere early June, however that does not happen when clearly we can see ‘coming soon’ status on the official site. Back in March, Google announced that they are partnering with MasterCard and Citigroup to allow the usage of credit and debit cards by their customers and paid for installations of thousands ofNear-Field-Communication (NFC) system at participating stores.
Will your fancy wallet be forgotten soon? Paypal recently has hit a new milestone when the payment platform has more than 100 million active accounts, and came with bold prediction:
by 2015, wallet will become a thing of the past –  Scott Thompson, PayPal President
Hewlett-Packard Co. (HP), the world’s number 1 computer makers also has confirmed that it will soon develop mobile devices with NFC technology, to make purchases wirelessly.
But, will digital currency will be accepted everywhere? Here’s an infographic to give you a little insight on the growing of mobile payments market and how NFC works;
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