E-payment: transactions via mobile wallets will grow

 

Along with everything else, the world of e-payment has changed. There has been a shift in consumer attitudes, which will increase the popularity of mobile wallets. Indeed, a growing number of customers are using their smartphone to process transactions. A study has revealed that UK mobile commerce will reach £2.27tn ($3.16tn) by the end of 2021 and in 2022, this will reach £2.73tn. This change is due to the coronavirus pandemic and the lockdown. Moreover, to cope with customers’ demands, businesses are adapting and introducing new payment methods.

Businesses are adopting new payment methods


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