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Hi Fellow Fools,

My latest blog on the battle in the mobile payments space:

Not to be outdone, several major retailers, the largest being Wal-Mart (NYSE: WMT) have announced an initiative to develop their own mobile payment network, including mobile apps and digital wallet. Other retailers include Best Buy and Target, as well as Shell and Sunoco gas stations, among others. This group of retailers processes nearly $1 trillion in transactions per year, so this alliance gives them scale and clout.

Please let me know what you think of my conclusion.

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