In the near future, consumers will have the ability to pay for most things from their smartphones. The predicted growth of Mobile Payments is 3 fold over the next 4 years. Siting information from Juniper Research, it is predicted mobile payments will grow because of remote mobile payments and payments made by mobile phones at the point of sale.
The need to carry credit cards will eventually become a thing of the past as our smartphones are able to verify who we are and that we have sufficient funds or credit the complete a transaction.
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More and more consumers are using social media as well as their mobile devices to shop for items before they purchase. In an article on Internet Retailer, consumers are turning to social websites as well as site like Gooogle Shopper to find pricing for products before they purchase.