Tell that to Square. Major investor - Visa. $3BN market cap, most based on card present.
See this: http://www.smartplanet.com/blog/bulletin/despite-the-hype-e-commerce-still-only-a-small-fragment-of-retail-sales/28115
I don't doubt that m-commerce is a growth area. I just struggle to see how their announcement today correlates into huge growth. You're just repeating generalizations.
MBE Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held