The world has 5.3 billion mobile users – 77 percent of the world population use Mobile Phones

The world has 5.3 billion mobile phone subscribers, which is 77 percent of the world population. The U.S., in fact, has 87 percent wireless penetration, and the use of mobile phones is rapidly becoming the norm. Combine these statistics with the technology that allows merchants to process a credit card by phone when receiving customer payments and you have the beginning of a paradigm shift in the way retail merchants accept payments for goods. Follow The Stiel Report for on-going reviews of how retailers, wholesalers and general merchandise vendors can take advantage of mobile payments opportunities: http://stiel.org

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