A slew of commercially-ready mobile payment systems, consumer mobile wallets, payment-ready handsets, and point-of-sale (POS) enabling tools have hit the market for adoption. In fact, according to their latest survey conducted in December 2011 involving 75 companies, 56% possess a mobile payments (m-payments) initiative at some stage of deployment or consideration. This report identifies the key drivers and challenges likely to shape the acceptance of mobile phone-based payments at the merchant-level as a next step in the evolution of the payments ecosystem from a customer usage, increased transaction volume, loyalty, and payment security standpoint. Request Free! |