As already mentioned, m-payments
are becoming increasingly popular. This is because smartphones are adopted by individuals
across the globe. Hence, these payment services can be easily
used. The growth of these facilities will be driven by both developed and
developing countries. According to predictions, by 2025, 71% of the world
population will potentially have access to e-payment technologies. The shift
towards these settlement systems is
already being noticed. For instance, in many growing economies, mobile payments
allow unbanked
and underbanked consumers the ability to benefit from online facilities. This is
one of the reasons why digital platforms are becoming popular so
quickly.
Mobile
payment services are beneficial to unbanked customers
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