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19 Nov '12, 1pm

Mobile payments to top one trillion dollars: NFC and Bitcoin to help riseBusiness News

mobile payments will top $1trillion within five years as the burgeoning smartphone and tablet industry continues to grow. IDC Financial Insights are predicting that 66 percent of the figure will come from mobile commerce with proximity payments, such as near field communication (NFC) , making up 25 percent. P2P payments like Bitcoin will have cornered 7 percent of the matket whereas barcode-based will be worth just 2 percent of the global market.

Full article: http://calvinayre.com/2012/11/19/business/mobile-payments...

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