By 2020, the majority of U.S. consumers will use smartphones to pay for goods and services, concluded a new study from Pew and Elon University. The survey is unusual in that it queried tech stakeholders and leaders about the subject, as opposed to a random sample of the general population. Executives from such companies as Microsoft and Google were included in the mix, as well as professors and other thought leaders. Whether that makes the study more or less predictive remains to be seen. What is clear, however, is that these industry insiders fully believe that smartphones will be a major form of transmitting payments within eight years.
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Tech Leaders See Smartphones Replacing Credit Cards, Cash
Posted by: Erika Morphy April 18, 2012 05:00 AMBy 2020, the majority of U.S. consumers will use smartphones to pay for goods and services, concluded a new study from Pew and Elon University. The survey is unusual in that it queried tech stakeholders and leaders about the subject, as opposed to a random sample of the general population. Executives from such companies as Microsoft and Google were included in the mix, as well as professors and other thought leaders. Whether that makes the study more or less predictive remains to be seen. What is clear, however, is that these industry insiders fully believe that smartphones will be a major form of transmitting payments within eight years.