In: Economics
Talk in details...What are mobile payments?What impact have they had on cash and cheeks in the last 25 years? What impact you think they will have in next 25 years? (Use statistical information)
Mobile payment method is the method in which the payments are done by using the mobile transactions.and it is increasing day by day since it saves time,easier to use and secure in nature .The mobile payment are also known as,
By using a mobile we can pay for a wide range of services which includes digital or hardgoods instead of paying with the cheque,cash or credit cards. The first mobile payment system was introduced in 2000 . In the year of 2008 ,there arises the combined market of all types of mobile payments and it reach about 600 billion dollars by the year of 2013. The technology of mobile payments increased with the years. The important benefits of mobile payments are,
As per the European council, the mobile payment technology solution will paves a direct improvement to the operation efficiency which will results in the cost savings and exacerbates business volume.