Digital payments: do they benefit our seniors?

 

The growth of digital payments in the last couple of years has been massive and imminent following the covid-19 health crisis. Indeed, the pandemic has come in handy when pushing the financial methods to the front stage as almost all people regardless of their social groups, backgrounds or age range are seeking a secure payment alternative. Are our elders up-to-date with this innovation?

Despite studies revealing that most seniors would rather keep their conventional payment methods, there are pressing benefits for them to favour going for a contactless payment journey.

1.      Improved security system

With the avail of digital payments, carrying cash around is no more required and much less risky for elders. This alternative dissuades robberies as authentications and verification are requested every time a billing is completed.

 

2.      Convenience at all times

Indulging in remote billing facilities can provide elders a more pleasant purchasing experience as they will not have to line up at ATMs for cash withdrawals every time they ought to buy a product or pay for a service. Furthermore, our seniors can enjoy making those payments any time without worrying about having a sufficient amount of cash in hand.

So, if you already adhered to the seamless settlement methods, do not hesitate to initiate your elders to this ever-evolving e-finance managing allies!

Credits: congerdesign/pixabay

A mobile phone in the hand of an elder completing a safe payment transaction

Seniors can make safer payments thanks to digitalization



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