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Summary:

It will take years for mobile payments to supplant traditional wallets, but the stage is now set for a mobile-payment battle. Here’s a look at some of the best-known names in this field and how they stack up against each other.

For the last few years, mobile payments has been like a storm on the horizon: They’ve generated a lot of conversation but haven’t arrived with much energy. But 2012 has been a pivotal year, as many of the big mobile payment systems have finally started to roll out.  Starbucks’ announcement this fall that it would partner with Square to offer mobile payments at its thousands off  U.S. stores showed that some very big retail players are starting to make  this payment option a reality.

The numbers of people actually using so-called mobile wallets — that is, paying for things with their mobile phones — are still small: Most of the companies don’t provide usage numbers, but one of the few that does, Starbucks, said it did 26 million mobile transactions last year. Gartner, meanwhile, predicts there will be 32.8 million people in North American using mobile payments this year.

Mobile payments are still constrained by a number of things including the need, in most cases, for users to have smartphones. Some systems also require consumers and merchants to make specific hardware upgrades to process mobile transactions. And many consumers also don’t see a big advantage yet to using an alternative to cash and credit, or they have security concerns.

Indeed, it will take years for mobile payments to supplant traditional wallets, but the stage is now set for a mobile-payment battle. Here’s a look at some of the best-known names in this field and how they stack up against each other.

</p> <h3>Click to see full table</h3> <p> </p> <p>

  1. does the paypal locations include the partnership with Discover?

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    1. The 3,000 locations doesn’t include Discover because that partnership has not yet started.

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  2. The posted statistics from LevelUp are not correct. They have almost 4,000 locations, not all active. NFC is not available now and not available in the near future. They did however launch a PR push to announce NFC integration. NFC will not be available for quite sometime, potentially never considering the cost to change all the hardware it would take to make the change. They also only have 7 real cities available. 1 location IMHO should not count towards an available market.

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  3. silentkamambo1 Thursday, October 4, 2012

    which other mode of mobile payments can zimbabweans adopt , Paypal is not yet active

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  4. Jagdish Rohit Friday, October 5, 2012

    What is one thing that you always carry when your are stepping out?
    Let me help you it is :
    a) Wallet (purse)
    b) Mobile phone.

    Hence mobile is one device which every individual carries along even while he steps out. Moreover these days mobiles have become more of an identity representing you.

    If you are looking for mobile payment solutions which can even work offline..

    It my company which will help you achieve that.

    IT WOULD NOT REQUIRE AN INFRASTRUCTURE CHANGE :

    We provide solutions with your present handsets (no need for Smart phones) or a different pos terminal.

    to find out more you can mail me jagdish.rohit.87@gmail.com

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  5. Michael Scully Friday, October 5, 2012

    Is MCX missing from this list?

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  6. Is paypal really a mobile payment offering? There is no mobile phone involved. Really more like a card on file set up.

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  7. Why is mPowa (www.mpowa.com) missing from this list? They’re expanding and quite frankly their technology is better than some of the contenders mentioned here.

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