Mobile payments will surpass credit card transactions

 

More people across the world are processing mobile payments. This is because these services are based on innovative technologies and offer more ways to pay online thanks to the introduction of systems such as direct operator billing. According to a study, approximately 82% of people across the world do not have a credit card. In contrast, more people have smartphones. In that case, they can use the innovative settlement tech to process a transaction. This is one of the reasons why Merchant Savvy predicts that mobile payments will surpass credit cards.

Photo credit: Firmbee from Pixabay


Mobile payments are more convenient 

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