56% of American adults own smartphones, and 34% of all cellphone Internet users go online mostly using their phones. We use our phones to get directions, send emails, and listen to music, to tweet, and take photos. So why not use them to pay for dinner?
Mobile payment is becoming increasingly popular in the U.S. and abroad. U.S. citizens will shell out about $37 billion in payments over their phones in 2013—but that number is rapidly growing. Global mobile payments are now projected to breach $1.3 trillion