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2013 was a watershed year for mobile payments, say experts

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From the long-awaited national launch of Isis, to the groundbreaking partnership between MasterCard and mobile payments leader PayAnywhere, 2013 was a big year for big announcements and ever bigger developments for the fast-growing mobile payments industry.

On Monday, Mobile Payments Today took a stroll down memory lane at some of the top stories of the last twelve months. Along the way, a host of experts and industry leaders across the mobile landscape weighed in with their thoughts on the year and the progress it brought.

"I think this is the year our industry found a unique and promising value proposition for mobile payments," says Jason Oxman, CEO of the Electronic Transactions Association. "U.S. consumers carry more than one billion credit and debit cards and more than 320 million mobile phones. Put another way, there are more credit/debit cards and mobile phones in use in the U.S. than there are people. 2013 was the year that broadband-enabled mobile phones passed the 50 percent penetration mark for the first time. So if we combine consumer love for electronic payments with the ubiquity of broadband-enabled mobile devices, we have a recipe for the success of mobile payments."

"Because of the capabilities of smartphones, mobile payments add value, security, convenience and reward to payments, and that is why our industry has embraced mobile," Oxman added.

To read the full report, click here.



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