Mobile purchases will be responsible for 15% of all online transactions in the US during 2013. The figures from eMarketer represent an 11% increase from 2012 and almost triple the amount of mobile sales in 2011.
By the end of this year half of Americans will have used a mobile device to purchase at least one item. Tablets will account for nearly two-thirds of mobile sales in 2013 despite smartphones making up the majority of the mobile devices owned in the US.
Mobile commerce is set to rise further in the future, it is estimated that 25% of online sales in the US will be made via mobile devices by the end of 2017 with 75% of these coming from tablets.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.