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Wednesday, September 23, 2020
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Future of mobile payments?

“Can I pay with a card?” or “Can I pay contactless?” are the questions we hear on a daily basis.

Despite lots of people still using cash, over the past decade, shoppers have become increasingly comfortable paying with cashless methods. But nowadays cashless does not necessarily mean card payments.

Mobile wallets and even social media platforms being used more and more as a cashless payment mean. When it comes to online shopping, online payment sites are the favored approach. They offer the consumer a more secure way to shop versus other methods like mobile wallets or sites where they need to enter their card details directly.

In the upcoming years, customers will be showing much more interest in embracing the use of biometric data. With technology constantly evolving, it begs the question if there will even be a need for a physical payment card in the future? As virtual assistants like Amazon Alexa and Google Home become more popular in the household, the possibilities for payment methods are almost endless.

Read also: The future of card payments in 2020+

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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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