Can you imagine life without your phone? Smartphones today pack in everything you need and yes, we do end up needing them for everything \u2013 from emails, texts and entertainment, to ordering lunch and Instagramming it too.<\/p>\n\n\n\n
Just when you thought smartphones couldn\u2019tget any more indispensable, enters mobile payment. This digital mode of payments is growing in popularity for a number of reasons.<\/p>\n\n\n\n
It\u2019s safe, secure and convenient,plus there\u2019s an undeniable cool factor too. Imagine whipping out your phone instead of a wallet to pay for lunch or to instantly transfer money to a colleague when it\u2019s time to split the bill.<\/p>\n\n\n\n
Here are the top five reasons why you should consider getting a mobile payment app, an all-in-one solution for all your needs:<\/p>\n\n\n\n
#1 Mobile payments are safe and hygienic<\/strong><\/p>\n\n\n\n Safety and security are a big reason for the swift adoption of mobile payments. They help combat fraud and theft \u2013 as cards are linked to the m-wallet,there is no need to enter your credentials.It\u2019s safer as credentials are unlocked using the mobile password and payment needs confirmation with password or fingerprint, unlike a signature for credit card transactions. Since credentials are not stored by a third party in a mobile payment, they can\u2019t be stolen.<\/p>\n\n\n\n With COVID-19 posing fears of handling potentially contaminated currency, people and businesses are switching to mobile payments. It\u2019s easy to make cashless, contactless payments at merchants, send and receive money, and pay on delivery \u2013 even if you don\u2019t have a credit card or bank account. Mobile payments are much more hygienic than handling cash.<\/p>\n\n\n\n #2 They are super convenient<\/strong><\/p>\n\n\n\n Using mobile payments cuts down on time spent in the checkout aisle \u2013 whether that\u2019s online or in brick-and-mortar stores. Some mobile payment solutions use QR code technology to enable faster payments, since there are no card details or OTPs to be entered and QR code is supported by all types of smart phone and mobile operating systems. Simply show the cashier a QR code in the payment app, enter the pin, fingerprint or facial recognition on your phone, and the transaction is done.<\/p>\n\n\n\n #3Transferring money is quick and hassle-free<\/strong><\/p>\n\n\n\n Mobile payment solutions have revolutionized peer-to-peer (P2P) money transfers. Sending and receiving money isinstant, convenient and safethrough mobile payments. \u2013 whether it\u2019s settling a bill after a meal, chipping in for a colleague\u2019s birthday gift, or sending a gift of money such as Eidiya. On mobile payment app PayBy, for instance, you can transfer funds to a friend or a new contact in your phone, as easily as you can text them. It\u2019s a handy feature for all those times when you don\u2019t have exact change available. It can be used to pay children\u2019s tutors, tradespeople such as gardeners and plumbers, or tip a delivery person. Card details can be saved to the mobile wallet, or it can be topped up. Withdrawals from anm-wallet to bank account are instant and convenient.<\/p>\n\n\n\n When handling cash carries the risk of spreading germs and an online bank transferis a much longer process, mobile payment is by far the easiest method to transfer money.What\u2019s more there are no transaction charges on peer-to-peer transfers either.Unlike conventional banking \u2013 there is no waiting or talking to a chatbot to process the transfer.<\/p>\n\n\n\n #4<\/strong>They are handy for e-government services<\/strong><\/p>\n\n\n\n The UAE is quickly progressing towards become a cashless economy and smart services. Government services in Sharjah have already mandated digital payment for services and fines. With the advent of UAE Pay and Abu Dhabi Pay, mobile payments make it easier for everyone \u2013 including the underbanked \u2013 to avail of smart government services and pay for utilities. What\u2019s more, using a mobile payment makes it easier to track expenses, save money and achieve financial goals \u2013 even if you don\u2019t have a bank account.<\/p>\n\n\n\n #5 They are simplifying financial services<\/strong><\/p>\n\n\n\n Financial services are not always the easiest to avail. Think of a mobile wallet as a mini ATM in the palm of your hand that simplifies financial services, making them accessible, safe and convenient. Some mobile payment companiesare also incorporating digital lending as a part of their offeringsto empower consumers\u2019 financial capabilities. Financial services being offered through mobile payment solutions include microfinance, the facility to buy now and pay later in installments for goods purchased and microcredit to support people\u2019s financial goals.<\/p>\n","protected":false},"excerpt":{"rendered":" Can you imagine life without your phone? Smartphones today pack in everything you need and yes, we do end up needing them for everything \u2013 from emails, texts and entertainment, to ordering lunch and Instagramming it too. Just when you thought smartphones couldn\u2019tget any more indispensable, enters mobile payment. This digital mode of payments is […]<\/p>\n","protected":false},"author":1,"featured_media":6113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-6112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic.jpg",2481,2363,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic.jpg",2481,2363,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic.jpg",2481,2363,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic-300x286.jpg",300,286,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic-1024x975.jpg",1024,975,true],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic-1536x1463.jpg",1536,1463,true],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic-2048x1951.jpg",2048,1951,true],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic.jpg",441,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/08\/Mobile-Wallets-Infographic.jpg",100,95,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Can you imagine life without your phone? Smartphones today pack in everything you need and yes, we do end up needing them for everything \u2013 from emails, texts and entertainment, to ordering lunch and Instagramming it too. Just when you thought smartphones couldn\u2019tget any more indispensable, enters mobile payment. This digital mode of payments is…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/6112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=6112"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/6112\/revisions"}],"predecessor-version":[{"id":6114,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/6112\/revisions\/6114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/6113"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=6112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=6112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=6112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}