Mobile

How mobile phones and NFC are becoming the new credit card [Infographic]

How mobile phones are becoming the new credit card
How mobile phones are becoming the new credit card
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As near field communication (NFC) and wireless payment technology is introduced to more and more smartphones, analysts predict that the value of NFC transactions alone by 2014 will approach $50 billion, and will begin to slowly replace the humble credit card.

GPlus has created this nice infographic detailing mobile phone payment growth and the major players currently involved.

How mobile phones are becoming the new credit card
How mobile phones are becoming the new credit card

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Darren McCarra
Darren McCarra is co-editor of The Sociable. He has a keen interest in photography, all things mobile, and writing about technology and social media. You can follow him on Twitter, Facebook and Google+.