The consumer changing behavior continues to grow rapidly due to the technology advancement and influences such as Internet, mobile data and devices. As it evolves in the fast pace, security issue has become a major concern for consumers since everything is at the tip of their fingers.
Mobile payment has becoming a demand since the existence of application because it allows people to get things done easily and quickly. Since mobile platforms are getting popular to serve human kind’s business and need to serve the consumers and businesses, many applications are available to solve any problems.
The only problem is to find the best mobile payment which works well with the business. Offering mobile payments are undeniably important in today’s world. Why is that so? It’s because people are demanding a sophisticated way of life. By having mobile payment, you would make it easier for your customers to purchase your products.
Offers a great convenience
Offering mobile payment gives you advantage to increase your revenue. Since most people use mobile devices, it makes sense if you see people pay by using mobile wallet.
Easy to integrate with deals or promotions
It’s easier for you and your customers to deal with any promotions or offers! Instead of giving them coupons for promotion, it’s better to use online tools to deal with this. You know how people rely on their smartphone nowadays, people can easily show or submit to the seller if they want to use any promotion deals.
Cost and Time saving
It’s definitely one of the ways to save your cost of doing business according to a study. By having mobile payment, the risk of cash lost will be reduced and you can also reduce your recruitment cost! Besides that, business can save credit card fees. In this way, you will save your time by focusing on other tasks.
Ability to offer different payment method
In today’s world of digitalization, it’s vital to offer the trendiest way of payment method or else you will lose your customer base. Being able to offer different payment methods are absolutely will make you stand out from your competitors. People are demanding the easiest way to complete their purchases. Especially with mobile payment, you will cut off the customer’s time during check out process and can easily track them.
The future of Mobile Payments
Believe it or not, it’s predicted that by 2025 almost half of the transactions will be made without using cash. Imagine the world with no cash, going to restaurant with no wallet but everything is on the mobile device. Guess on that time, mobile payment will be as important as ATM Machine. Mobile payment reflects the future for consumer as it offers convenience, secured and efficient way for daily transactions.
Article by Nabihah Jasri