Cellphone Payments Set To Take Off

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SMARTPHONE
Mobile payments are set to almost triple, from $240-billion (U.S.) to $670-billion, by 2015. | AP File

Instead of scrambling for their wallets to pay for groceries, consumers around the world will increasingly be able to use their mobile phones.

Mobile payments are set to almost triple, from $240-billion (U.S.) to $670-billion, by 2015, according to a Juniper Research report released Tuesday. The bulk of mobile transactions, which could include buying movie tickets on smartphone applications or tapping a phone to buy coffee, will happen in North America, Western Europe, and East Asia.

Read the whole story at The Globe and Mail