Mobile
payments are becoming more and more important for online and offline shopping.
Customers are increasingly starting to accept different forms of payment
methods. However, some companies are still restricting them from using these
payment methods. Do users really want new payment methods? Is it worth the time
and the cost to create new payment techniques? And can they be implemented in
the companies? Implementation of mobile
payment methods are very easy. Even by small firms it is provided free of
charge sometimes. From the local bakery to lavish hotels, users want to pay
easily anywhere through mobile, with the help of new payment methods, anywhere
they want.
There are
numerous methods that determine mobile payment traffic. Below are two of the
latest trends which are helping mobile payments by the consumer:
QR payments
QR code is
old but still in the market, and is making a return at its fullest. This code
is very important for big companies in all marketing techniques. Imagine the QR
Code on a restaurant bill or on the charity flyer or at ticket shop in a
festival. Following China and South Africa, Europe (Netherlands and Belgium) is
also developing QR Code technology.
With the
help of mobile scanning applications, the QR Code can be scanned thus
connecting you to your online banking institution. By following very simple
steps, the consumer pays safely, securely and very quickly without the need of
cash in hand. Most people find this payment method favorable, due to the ease
of paying through mobile devices. Due to consumer demand more companies are
trying to implement QR Code Technology as their payment option.
Mobile
wallets
I’m sure
that you have probably heard about the mobile wallet: It is a very safe and
easy way for users to pay with a mobile phone. Android Pay Apple Pay and
Samsung Pay are some of examples of mobile wallets. This method makes it
unnecessary to carry cash or cards in your hand. Nowadays everyone is carrying
a smart phone, so this makes it easy for them to pay through mobile wallets.
Mobile payments are enabled on both online and offline methods with the help of
pin terminal and enable wallets respectively making it easier for consumer to
pay for their purchases.
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