Businesses and consumers alike are interested in faster, safer, and more convenient payment methods. Therefore go digital.
Demographics across the world are shifting. And generations are heavily influenced by technology, as this generation is tech-savvy with a level of comfort with their devices. Give them an app that makes their life easier, better or cheaper or an alternative financial and payment solutions, innovations in mobile money and mobile payment methods.
Today buying habits and expectations are all formed via the immediacy that smartphones, internet, and modern conveniences engender. And best payment processing options don’t really require a card for a transaction as they’ve reached the palm of our hands.
There’s eWallet and mobile payment applications
These apps allow users to transfer money, purchase products, pay bills and complete virtually any other type of financial transaction, all with the tap of a finger. By creating an account and storing your payment details in it, purchasing goods and services with the mobile device is quick and easy both virtues that the digitally savvy appreciate.
Mobile in-store payments and apps
The demand and usage of mobile devices has grown. Millennials own and are in close contact with their smartphones throughout the day. Consumers in South Africa (SA) are steadily making purchases from their mobile phones.
There’s SnapScan to make payments at your favourite shops and websites. Open SnapScan and use your phone’s camera to scan the SnapCode displayed. You’ll skip the usual queues with this quick, easy mobile payments solution.
Then there’s also Samsung Pay it’s a new payment service that keeps all your cards in one phone. It’s the safer and simpler mobile wallet that lets you pay anywhere.
Its payments are secured with a PIN and biometric security. This allows you to authenticate your mobile payments using the fingerprint recognition and iris scanner features of your device, or by entering a code.
