Mobile wallets: a boon for businesses

 

In today’s time, mobile wallets are trending. If you are a business owner, have you leveraged the power of this cashless payment service? Following the coronavirus pandemic, these innovative settlement methods have considerably expanded. In fact, in the US, 87% of consumers have advanced that they would rather purchase from merchants offering these virtual payment methods. Additionally, they are spending more money as well. According to a study, it is expected that financial transactions via these new services will top $161 billion this year.

Mobile wallets attract more users © Royalty-free image