Mobile payments are no more phenomenons, now it is traditional practices by having smartphones in hand and instantly you may feel to buy and purchase it. According to the eMarketers who have projected those mobile payments will break the land mark of figure $ 1 Billion in US particularly.
But amazingly if we see the future predictions of eMarketers then there would be massive hit in the area of mobile payments and transactions in the years 2017, which are estimated $58 billion.
Further eMarketers define payments will be related to goods or services made by scanning, tapping, swiping or checking in with a mobile phone at the point of sale.
It is totally different from mobile commerce which counts to purchasing items from mobile handsets by surfing eCommerce websites and made the payments online.
Further eMarketers are estimating that also mobile eCommerce payments will cross the amount of$38.4 billion in the current year.
As we know there is rush of technologies which are coming in rapid phase so eMarketer also facing hurdles to estimated closed projected mobile transaction figures.
Any new innovation and technological update will over cross the ideas and projections of eMarketers which are not top $ 20 billion up to the year of 2016.
