Merchants and the Race for Mobile Payments

As consumers become more comfortable shopping on mobile devices, purchases conducted on smartphones and tablets are projected to soar 173 percent, from $52 billion annually today to $142 billion by 2019, according to Forrester.

Merchants looking to add alternative payment options to their websites have made PayPal their go-to partner in recent years. While PayPal is working hard to leverage its e-commerce clout to serve customers’ mobile checkout needs as well, powerful competitors have launched or are gaining ground with their own potentially disruptive fast payment options.