WATCH: 60 Seconds of Social Media

Are you ready to ditch your wallet and pay with your smartphone?

Gartner Research is predicting a global mobile transaction market worth $617 billion with 448 million users by the year 2016, and that has some big names in tech and media racing to be the standard-bearer in the burgeoning digital wallet platform field.

Will it be Square, co-founded by Twitter's Jack Dorsey (with funding from Virgin billionaire Richard Branson)? E-commerce heavyweight Paypal? Google Wallet? Or the not-yet-launched Isis, backed by major telecom carriers and credit card companies?

We'll take a look at the big names in this edition of Freshwire's video series, "60 Seconds of Social Media."

And in this week's Social Media Shorthand segment: Kickstarter. Have you funded a campaign yet?

Missed last week's episode on McDonald's innovative use of the Internet for transparency? Check it out here:

 

 

 

Follow Shawn Amos on Twitter: www.twitter.com/Freshwire

Comments

[Jay Gould]

04:34 PM on 08/02/2012

An excellent infographic is showing us why m-commerce is set to overtake e-commerce sometime in the very near future. Among other things, we learn that, when it comes to mobile devices, men prefer shopping from their phones, while women prefer tablets. What's more, this year men are expected to outspend women by quite a margin. See here: http://blog.unibulmerchantservices.com/the-month-in-numbers-july-2012.

[mijjy]

10:58 AM on 07/09/2012

No thanks, Mr. Amos. Won't be happening - at least, not HERE. Don't think so, no.

Confidence is hard to come by out here on Main Street (yes I really do live on one), and confidence in digitalized expression of financial valuation for items or services has been lost.