Finance expert Mike Periu on the evolution and growing use of mobile Technology as Mobile Payments Will Soon Reach $1 Trillion Annually.
According to a new study, payments made from mobile devices will reach $1 trillion annually by 2017. For many companies, this will mean overhauling the way they sell and accept mobile payments. The traditional point of sale transaction may soon become obsolete as consumers switch to new payment technologies which will be embedded into their mobile devices. The challenge lies in addressing the many different types of mobile payment technologies and knowing which ones to support. Near Field Communication (NFC) payments looks like an early winner, as does peer-to-peer payment technology.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
