Currently, there are approximately 170 mobile wallets across the world. These are cashless payment
systems that have several descriptions and applications. Some of them are huge
and have millions of users whereas others are small and region-specific.
However, while they vary, their main function remains the same: to give
consumers the opportunity to use their smartphone as their purse and to process
digital settlements. According to experts, they even have a common goal.
The CEO of a financial firm advanced
that “they are trying to be the force that displaces cash
in the marketplace”.
Mobile
wallets are cashless payment systems
Comments
Post a Comment