Why you should use online and mobile payments

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Why you should use online and mobile payments

We live in a time where everything is accessible almost instantly. The urge for instant gratification has thus never been higher. Online and mobile payments give exactly that. Need to send money to someone? In a second, it’s done. Need to pay a bill? No more standing in line at the post office or a bank with a piece of paper in your hand – pay it all from the comfort of your home in minutes.

If you’re still not convinced why you should use online and mobile payments; read on to get additional explanations.

Online payments are super convenient

We already mentioned how there’s no more waiting in line at the bank to pay a bill. But, how does ‘pay anytime, from anywhere’ sound to you? Not only can you make a payment at any time of the day, whether it be midnight or midday, you can also be at work, at home, commuting, or simply sipping coffee.

Online and mobile payments are not just for paying bills, you can use them to whichever advantage you’d like. You can pay your bills, sure, but there is so much more you can do, too!

Take online shopping for example. Need new shoes but cannot take the time to go through the mall visiting five-six stores? Go online, find what you like in just a few clicks, and pay it through a secure connection.

The same goes for food shopping – instead of carrying multiple bags of groceries, or not finding items you need in the store, order online and have them delivered to your doorstep.

They are hygienic

With online and mobile payments you will never again have to worry about other people’s hygiene. These kinds of payments allow you to not touch door handles, ATMs, or pens behind someone who might have a cold, or a virus.

Even if you don’t have a credit card or bank account, it’s simple to make cashless, contactless payments at shops, send and receive money, and pay on delivery. Handling mobile payments is far more sanitary than handling cash.

Safe to transfer money

The fast-growing popularity of mobile payments may be attributed to a number of factors, including safety and security. They help in reducing the risk of fraud and theft by eliminating the need to submit your credentials because the cards are connected to the M-Wallet. It’s safer because, unlike credit card transactions, credentials are unlocked using the mobile password, and payment requires confirmation through a password or fingerprint. What’s more, credentials cannot be stolen since they are not stored by a third party in mobile payment.

Mobile payments solutions make sending and receiving money quick, easy, and secure. Whether it’s paying a bill after a meal, contributing to a colleague’s birthday gift, or sending money as a gift, everyone appreciates it.

For example, you can send money to a friend or a new contact on your phone as quickly as texting them. It’s a useful function for when you don’t have exact change on hand. It can be used to tip a delivery person, pay children’s tutors, and tradespeople like gardeners and plumbers. Card information can be saved or topped up in the mobile wallet. Withdrawals to a bank account from an m-wallet are quick and easy.

They can help you save money

Only one medium is required for mobile payments: your phone. As a result, you won’t need any other devices, such as a credit card terminal. Using the correct application, the service provider’s phone can be utilized as a POS. Furthermore, you can go completely paperless and minimize your consumption of paper to a minimum. If you go totally digital and send receipts and invoices via email, you won’t have to change POS paper rolls or print receipts or invoices. Finally, compared to other bank fees, charges, and overhead costs, mobile and internet payments will save you money.

When handling currency can spread germs and an online bank transfer takes a long time, mobile payment is by far the most convenient way to send money. In addition, there are no transaction fees for peer-to-peer transfers. Unlike traditional banking, there is no need to wait or communicate with a chatbot to complete the transaction.


Mike is an Australian business consulting specialist. He often writes about technology, business and marketing and is a regular contributor on several sites.

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