This article shows the projected use of smart phone payments and mobile wallets by 2016 and the increasing acceptance of the mobile wallet technology. Visa/MC are generating their own mobile wallets and they estimate that by 2017 86% of merchant will accept NFC (near field communication) forms of payment. Compared to .08% in 2011, that leaves a lot of room for growth. The time to set up to accept mobile wallet payments is now!