Transaction volume tells the story of where mobile payments have gotten early traction.
As of year-end 2012, only 7.9 million U.S. consumers use consumer-facing mobile wallet systems such as Google Wallet.
But in-store mobile payments using such systems nearly quadrupled in 2012, representing about $640 million in transaction volume.
This figure notably does not include swipes on mobile credit card readers like Square and PayPal.
Card readers such as Square represented $10 billion in transaction volume in 2012. That two order of magnitude difference in transaction volume illustrates the perceived value of the solutions.
What already has changed is the point of sale terminal business.
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