Mobile Payments Expected To Surge (INFOGRAPHIC)

05/10/2012 05:52 pm ET

Mobile payment technology is making it unnecessary to carry a wallet or maintain a bulky cash register at your checkout counter. By using devices and apps like Square and Google Wallet, small businesses are getting paid faster and customers are making more reliable purchases.

Data from Deloitte show that mobile payment usage is expected to spring from 6.8 percent in 2009 to a predicted 21.3 percent in 2012. One thing's for sure, the $5.5 trillion retail-transaction market can expect big changes.

Check out this infographic from Intuit for a crash course on mobile payment technology and its expected growth.

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