Mobile Payment Technology on the Rise

Google Wallet, Square and other mobile payment options are a great option for small businesses, and data from Deloitte shows they are becoming more popular.

Mobile payment technology means that small businesses don’t need a cumbersome cash register to make transactions.  With mobile payments small businesses can get the money sooner, and customers can be reassured their payment was made safely.

About $5.5 trillion is made in retail transactions each year.  Deloitte predicts that mobile payment will increase to 21.3%, from 6.8%.  If you haven’t explored mobile payment options yet, now is the time!

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Posted on May 14, 2012, in Uncategorized. Bookmark the permalink. 1 Comment.

  1. They are on the rise indeed. However, I am noticing now that I’m looking for alternatives because I’m moving to the UK in a few months that Europe is lagging behind. I depend on my mobile card reader device. Luckily, I found out that mPowa (www.mpowa.com) is going to be releasing a “Square”-like device in Europe as Square (or PayPal Here and others) has not made any move to establish a presence there.

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