Research Group Projects M-Commerce Sales To Hit $8.6 Billion In Five Years

As retailers debate how much they truly want to embrace mobile payment efforts, the Mercator Advisory Group is reporting that the tide will soon become unavoidable.

Mercator is now forecasting that smartphone-based remote mobile payments will reach $389 million in 2009, $1.7 billion in 2011 and $8.6 billion in 2014.