Mobile payments are expected to skyrocket according to a new study from research firm Forrester. As the NYTimes reported, payments made with a mobile device are forecasted to reach $142 billion in the next 5 years. The study predicts that purchases made through an app or mobile website will account for the largest growth, reaching $91 billion in the U.S. by 2019. Peer-to-peer payments such as Venmo, Square Cash, and PayPal will reach $17 billion by 2019, up from $5.2 billion this year.
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