Yuqian Xu, University of Illinois at Urbana-Champaign (IMAGE)

University of Illinois at Urbana-Champaign, News Bureau

Yuqian Xu, University of Illinois at Urbana-Champaign

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Paying for goods with a smartphone not only increases the overall transaction amount and frequency of purchases by consumers, it also effectively replaces the actual, physical credit cards in their wallets, said Yuqian Xu, a professor of business administration at the Gies College of Business at Illinois.

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Photo by L. Brian Stauffer

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