The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world.
Mobile payments represent the exciting merger of technology and retail that consumers and investors have been waiting for. There are a lot of companies vying for slices of what some have said will be a $600 billion industry by 2016. That sort of potential has companies from mobile, telecom, finance, and retail salivating to get a piece. Today's newest entrant? None other than retail titan Wal-Mart
Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Google, and Wal-Mart. Motley Fool newsletter services recommend Google, Home Depot, and Wal-Mart. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.