Cashless payments: why are people opting for these services?


The rise of cashless payments in our society has been very quick. Solutions such as mobile wallets are increasingly being adopted by consumers who expect merchants to offer these innovative settlement facilities. Why is this happening? First of all, clients wish to conduct transactions faster and more efficiently. They do not like wasting time while shopping online. Other important factors are cybersecurity and data protection. Merchants, customers and fintech firms alike are placing a lot of consideration on introducing secure payment services.


Consumers expect to use safe services

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