According to Nielsen, mobile payment users are engaged in a diversity of mobile payment methods. In 2014, mobile users paid with a scanned QR/barcode (45%), NFC (37%), mobile credit card reader (24%), and mobile peer-to-peer (22%). The variety of ways that consumers pay with mobile seems to be a reflection of the times. Right now small and large businesses are racing and researching to discover how best to get individuals to pay with their mobile devices, which has resulted in the birth of a variety of payment methods and systems that promise to make shopping and bill pay more convenient, effective, and safe.

With all the choices out there, industry watchers are wondering if consumers will ever grab onto a mobile payment method in the near future. Or if a creative tech company will create the ultimate mobile payment system that will give consumers the security and convenience they need, and will bring retailers and card makers to some sort of consensus on payments technology. Here is a quick look at the leading mobile payment methods so far.

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