Do you know the benefits of pay by app method? Going back only a few years ago, you might find just how tiresome it was to stand in long queues to make a payment or get your money from the bank. Now, things have changed for the better. All the payments are now vanishing into the apps. All you need is to simply tap on your smartphone and the payment is made to the store or withdrawn from an account.
Companies like Starbucks and Hailo has introduced apps to help their customers make the most out of their business. No need to stand in long queues just as a way of paying for coffee. You simply need to pay by app linked to your banking systems for the coffee. You will just get to the shop and show your proof of payment and then you get the coffee served.
Top brands such as Apple, Google and Samsung have also not been left behind to implement the contactless payment systems. These companies have developed and refined their pay by app method in an aim to help their platform users make easy payments and access different services.
The introduction of MasterCard’s Qkr! App made things better for most businesses who relied on getting paid via the MasterCard. Now customers can easily pay for services and products such as food and drinks without having to bother the staff. This has helped to save time and the hassle you are likely to find in most common stores.
Evolution of Digital Wallets
The push for having phones to act as digital wallets has been a dream of many people. Since the smartphone makers are now making it possible, it is quite a huge step in the direction of contactless payments.
The tap to pay movement has gained a lot of traction in the recent years with countries such as the UK making the most of it. It is estimated that the contactless payments topped the one billion mark for the UK in 2015. More research shows that more people are willing to change their paying options to contactless payments.
We have seen big firms in the US such as Wal-Mart, JP Morgan and many others launching their mobile payment apps in 2016. We can expect that more companies will soon do the same as it is what people need today. We wait to see how each company will try to make their app better than the competitors to attract more customers.
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