Will Peer-To-Peer Payments Save the Mobile Wallet?

For all the hype about the rise of mobile payment technology -- use-your-smartphone-to-pay systems -- the reality is that it has been slow to catch on. But there is one place where it's starting to gain real traction: peer-to-peer exchanges.

Visa Will See a Big Boost From Mobile Transaction Growth

The volume of card purchases made on Visa branded products globally has risen from around $2.1 trillion in 2006 to $3.1 trillion in 2010, and with strong first-quarter earnings, further growth in payment volume, and a strong foothold in the mobile transaction business, Trefis expects healthy growth ahead.