Payment Data Systems $PYDS Well Positioned In Mobile Payments Industry

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According to a report on the mobile payments industry, Business Insider notes that mobile transactions accounted for around 2% of all credit and debit card volume in the U.S. in 2013. Globally, mobile transactions accounted for around 4%, according to the same report.

While these numbers are not very high, it is the growth that should be taken note of. According to Business Insider, in the U.S. alone, mobile transactions have seen growth of 118% over the last few years. This does not come as a surprise considering the increasing use of smartphones and tablets and increasing Internet penetration globally.Read more