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Mobile POS Payments Forecasted to Exceed $5 Billion in U.S. by 2018

Although mobile point-of-sale proximity payments comprised just 0.01 percent of the total POS retail purchased volume in 2012 according to Javelin Strategy and Research, they estimate that mobile payments at the point-of-sale will grow eleven-fold over the next six years as they are forecasted to reach $5.4 billion in the U.S. by 2018.

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