In several countries across the globe, mobile wallets are becoming increasingly popular. Why is that?
There are 2 major factors driving the growth of these cashless payment solutions. One
of this is the fact that these systems offer rewards and benefits. This
has been claimed by 44% of consumers. As such, retailers are encouraged to
introduce loyalty programs to attract
more clients. Additionally, convenience is another important aspect. These
facilities are one of the easiest and most efficient settlement solutions in
the financial
sector. This is because users do not have to carry cash around.
Mobile
wallets convenient systems
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