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February 6 2020

Future of mobile payments?

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“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+

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

     Read more
  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

     Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

     Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

     Read more
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