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Close to 1 billion consumers will be using mobile payment by 2015, generating up to $1 trillion in transaction value, according to a Swift white paper.
So what does this mean for retailers today?
Virtually all stakeholders agree that mobile POS and mobile payment will be critically important in the near term.
Advantages for retailers include: cheaper swipe fees, greater customer convenience and increased transaction volumes.
When planning a mobile POS strategy, retailers need to consider several factors, such as: NFC and EMV, consumer security concerns and implementation issues.
To learn more read this e-book.