According to Intuit, the percentage of people who use mobile payments are expected to grow from 6.8 percent in 2009 to 21.3 percent in 2012. By 2016 or 2017, Intuit believes retail mobile payment volume could rise to about $5.5 trillion.
But it isn't at all clear who the provider "winners" will be. Mobile service providers, banks, payment networks, retailers, application providers and handset manufacturers are among the potential suppliers.
Intuit
Tuesday, May 15, 2012
Intuit Expects $5.5 Trillion in Retail Mobile Payments Volume by about 2017
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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