The eighth annual Consumer Payments Survey from IDC Financial Insights, focused on the usage of emerging payment technologies reports that 33.9% of the americans have used their mobile phone to make a purchase. Out of those, PayPal Mobile counts as the most popular service with a stunning 56%.

The report also states that physical goods are the most common online purchase with mobile phones, with more than 7 in 10 people declaring to have purchased such goods. Digital goods come next, with roughly two-thirds purchasing, very well ahead of online services or virtual currency.
The mobile payment market is expected to get to $172 billion in 2012 and exceed $600 billion globally by 2016, says analytics company – Gartner.