Technology has shaped the way we live in nearly every facet of life. One aspect that's poised to have the most impact, though, is the digital wallet.
Consumers are transitioning from paying with credit cards and cash to using whatever is easiest and most convenient for them, potentially saving a few dollars or earning rewards in the process. Companies like eBay(EBAY_), Square, and potentially Apple(AAPL_), are changing the way we pay for everyday goods and services.
Mobile payments are destined to be a key component of the evolving "digital wallet," and investors need to be aware of this emerging market. Battle lines in the war for market share are already being drawn.