Parks Associates Research has found that nearly 20 percent of all smartphone users (40 million people) used at least one mobile wallet in 2013. By 2017, usage is expected to increase by 43 percent to 113 million people. For those that have used or are already using mobile wallets, barcode based apps rather than NFC are the dominant mobile wallet type. Parks senior analyst Jennifer Kent says proximity and e-commerce wallets will become “less distinct” as customers plan to use them to shop both in-store and online. Services like person-to-person (P2P) funds transfers and receipt/coupon storage will all be integrated into one wallet app, rather than be stand-alone services.

From the article, "Restaurant And Hospitality IT News For VARs" by Anna Rose Welch.

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