Think of a recent purchase you made. Chances are pretty good that your mobile phone was somehow involved, whether you tracked down a store location, you checked out products and prices, or you even closed the deal on your phone.
One survey done by a digital coupon website found that more than half the consumers it surveyed used their mobile device while they bought something in March of this year.
Or let’s talk dollars and cents, lots of dollars and cents. Mobile commerce transactions are expected to hit $1.5 trillion this year. By 2017 you can look for that to top $3.2 trillion. Clearly something big is going on and we wondered what’s in store for consumers and businesses as more of us trade walking through the door of a brick-and-mortar store to a few thumb clicks on our smart phones.
Mike Vichich from Ann Arbor is the CEO and co-founder of Glyph, a mobile app that lets you pay with your mobile phone and also keep track of what you’re spending. He joined us today.
Listen to the full interview above.
