Inside BlackBerry for Business Blog

cash mobile phone

We’ve all been there, digging through a papery forest of receipts, business cards, and family pictures in our wallets as we hurry to pay for a coffee and get on with our day. What should be a simple transaction can become an inefficient and disorganized hassle. It’s no surprise that convenience is one key reason why mobile payments – including the ability to conduct transactions through near field communication (NFC)-enabled devices – is becoming increasingly desirable for both consumers and merchants. In fact, research firm Gartner has indicated, “The total value of transactions using mobile technology is expected to grow from $35 billion in 2012 to $173 billion in 2017, at a compound annual growth rate of 31 percent. This projection includes merchandise purchases, ticketing and bill payments, while it excludes person-to-person payments and airtime top-ups.”[1]

As this emerging industry grows in popularity, so does the need…

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