A Basic Guide To Mobile Wallets
Nisha Gopinath Menon
October 27, 2017
There is a whole lot of options out there, leaving many confused about the best method to adopt. Should I go for net banking, credit/debit cards, the various mobile wallets offering different discounts on different sites or more likely, a combination of them? So far, people have grabbed whatever is readily available to pay for their daily bills, movie tickets, cab rides and just about everything, and here, mobile wallets seem to have scored over others. The checkbook or more correctly, the checking account used to be the springboard for banks to continue, well, banking on their relationship with users by upselling other services. But today, the fundamental platform is rapidly shifting to the mobile, from the checkbook. Meaning, tech companies can now turn into the entry point to banking in ways which were just not possible before, especially, though not only, through payments. Yet, mobile payment adoption hasn’t caught on as fast as expected.
Read more