Nowadays, more and more people are using online buying
services and one of the reasons behind this is development of mobile wallets. These are innovative facilities
that allow more people to process digital
transactions. As such, merchants are able to target more customers. As the
CEO of a financial company advanced, these m-payment solutions “have
lowered the barrier to making digital payments and in parallel ushered billions
of new consumers into e-commerce”.
These consumers are in emerging markets and they do not have access to credit
cards, but to smartphones.
Photo credit: JESHOOTs-com from Pixabay
More people have smartphones
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