RevPages

Mobile Financial Solution

by Diksha Technology Diksha Technologies- Deliver Next-Generation Digit
The horizons of digital wallets are broadening by the day and changing rapidly. It is not only about offering an alternate payment method. Businesses of all sizes must focus on creating a payment...
Recommended Features
  • Ease of onboarding merchants
  • Hassle-free payments on utility and mobile bills
  • Inbuilt digital wallet
  • Branded product and inventory catalog for merchant services
  • Real-time integration to banks, partners and businesses
Learn more about Mobile Financial Solution»

Review on Mobile Financial Solution

The horizons of digital wallets are broadening by the day and changing rapidly. It is not only about offering an alternate payment method.

Businesses of all sizes must focus on creating a payment infrastructure that provides an array of customer experiences, along with finding new channels of revenue. Choosing the right payment processing partner has never been more critical to your bottom line.

Neo-age Digital Buyers are primarily driven by convenience.
While the decision-making process has become much faster, thanks to mobile commerce, it also calls for frictionless payment methods. Digital wallets answer the need.
They are quick, convenient, and give consumers more power to spend and earn rewards, encouraging loyalty.
They can be used at multiple POS, be in digital or physical shops, easily with a mobile device.
They are proliferating in new and perhaps unexpected ways, from wearables to connected homes to automobiles.

Digital wallets have varied functions, including P2P payments and other payment methods, balance inquiry and reporting functions, supporting loyalty programs and acting as a marketplace.
In terms of economics, mobile wallets are enablers of commerce in lieu of a standalone revenue generator. An additional benefit is to increase customer retention by bridging the gap between customer and financial institutions.

The Age of Fast Buying

The fast evolution of payment technology coupled with demographic trends across the globe shows the growing demand among consumers for a hassle-free and quick checkout experience. According to a recent study by JP Morgan Chase,

Digital Commerce volume was above $ 3 trillion in 2017 and is expected to double by 2022.
In the US alone, approximately 110 million people are using Digital wallets across various POS.
One out of every four users ended up spending more while using digital wallets.
3 out of every 4 customers find digital wallets more convenient

Across the globe, the trend is universal,

Related to Mobile Financial Solution

Related Articles

Mobile Solutions: Enhancing Increased Competitiveness for Financial Services Org...

Consider this business scenario: In an industry as competitive as banking, innovation can be the key to survival. Changes that have been in the business of banking have brought an increasing need ...

Sponsor Ads


About Diksha Technology Innovator   Diksha Technologies- Deliver Next-Generation Digit

17 connections, 0 recommendations, 62 honor points.
Joined APSense since, January 7th, 2020, From Bangalore, India.

Created on Mar 1st 2020 23:41. Viewed 185 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.