Mobile payments are redefining commerce, and some countries, particularly in Africa, are already using them as their primary payment method. While Asia and Europe have also started to get onboard, the U.S. still seems to be lagging behind with only about 6% of all American adults reported ever using mobile payments.
Some major players that are already leading the way in the mobile payments space include PayPal, Google Wallet and Square. Below is a quick look at how these companies are....