The competition for payment processing services, especially mobile payments has been heating up for sometime now. It is even about to get more intense with the NFC near perfection. There are four primary models for mobile payments: Premium SMS based transactional payments, Direct Mobile Billing, Mobile web payments (WAP)
and Contactless NFC (Near Field Communication). Paypal, Google and Square are all big players in this industry. This infographic shows an overview of mobile payment.