Mobile Payment Technology Continues to Evolve
With the way technology continues to develop, smartphones have become essential to daily life. These mini-computers allow consumers to shop on the go, do mobile banking, and connect via social channels. Mobile payment technology is on the rise, and in 2017, will take center stage in the e-commerce world. The on-demand economy is being led by millennials, who now make up one-fourth of the US population. Credit cards, cash, and checks may soon be a thing of the past with the transition to mobile wallets. Already, phone companies are clamoring to come out with their own version of the mobile wallet, including Apple, Google, Android, and Samsung.