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Random thoughts from a NYC entrepreneur and investor about start-ups, technology and the people that make it all happen. Also find time for good tunes and good food.
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Mobile-payment transactions are expected to surge to an estimated $600 billion world-wide by 2016, up from $172 billion this year, according to market-research firm Gartner Inc. A Federal Reserve report in March said 87% of Americans have a mobile phone. Nearly half of those are smartphones, cellphones with computer applications and Internet access. Among people with a mobile phone and bank account, 11% used mobile payments in the previous year, the survey found.

“Payments Network Takes On Google” by The Wall Street Journal

Mobile payments is poised for a break-out in the US after a decade of false starts and industry tug-of-war.  However, merchant based consortia such as MCX will not be leading the charge

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