Smartphones have forced Pay-Pal Inc. to change course on mobile payments.

A year ago, the payments company said the U.S. market was years away from embracing mobile phones for transactions, largely because the applications that were most common then did not deliver what people wanted.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.