ABSTRACT
This paper provides a market view of mobile payments. It starts with a discussion of the variety and growth of payments being made with mobile devices. The relationship between mobile payments and their core business drivers, mobile banking and mobile commerce, are explored. How mobile devices reduce costs, increase reach and enable omnichannel business processes are discussed. The disintermediating effect of mobile payments on existing payment processes is explored. Finally, a review of some of the inhibitors for mobile payments growth is considered.
