There are several talks about the rise of 5G technology and
its implications. While we cannot be sure of what it would entail, we can
remain confident of one thing: it would greatly enhance the mobile payment sector.
The vice president of a firm specialising in cross-border e-payments advanced that
m-shopping is on the rise across the world, even in areas where smartphones and
other such devices are not the primary focus. For instance, in Western Europe
43 percent of the total e-commerce sales is completed through mobile devices.
In Asia-Pacific, this number is 55 percent. As such, when 5G technology
will be deployed, the experience will be more seamless, faster and even safer.
This is because there will be additional security measures that will be
implemented.
Moreover, the introduction of this new technology would result
in extra speed and bandwidth. As such, there will be reduced lag and enhanced
customer experiences. Another added
benefit would be greater customisation. Consumers enjoy personalised services.
Thanks to the improved infrastructure, merchants will be able to generate the
raw data required to conduct analysis.
The fact that there is a need for enhanced mobile payment
mechanisms in the market cannot be denied. Thus, improving internet
connectivity would go a long way towards ameliorating the overall
experience.
5G
will enhance mobile payments
Comments
Post a Comment