mobile payments

Mobile Payments Are On the Rise

Beauty retailers may want to gear up to support in-store mobile payments, as the value of mobile payment transactions is expected to exceed $314 billion in 2020, according to the latest eMarketer report, “US Mobile Payments Outlook: Strong Growth Forecast for Proximity, Peer-to-Peer Payments in 2017 and Beyond.” It’s brick-and-mortar retailers that are expected to see the highest growth in terms of proximity mobile payment transactions over the next few years.