According to the report, the number of people owning tablets is expected to more than double within the next three years. This dramatic adoption will lead to an explosion in retail purchasing using tablet devices.
The report has also found that there are striking differences between mobile phone purchases and tablet purchases. Consumers spend an average of USD 10 more per purchase using a tablet compared to the average purchase made through a mobile device.
The report titled “Mobile Payments Hit $20 Billion in 2012” was issued by US-based research firm Javelin Strategy & Research.
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