1 February 2017

7 things you need to know about mobile payments

keys to mobile payment

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7 things you need to know about mobile payments

2017 will be the year of the mobile payment: it is estimated that 58% of Spaniards will make their purchases through this device. compared to a 35% that was already doing so in 2016, according to data from the analysis firm IPSOS .

The expected growth is exponential. The penetration of mobile payment has been boosted, for example, thanks to the appearance of systems such as Apple Pay and to the fact that giants such as Inditex have begun to facilitate this type of transaction at all their points of sale.
In this regard, the consultancy firm PwC predicts that in 2019 mobile payments will reach 136 billion euros, compared to 50 billion in 2014.
If you have never made a mobile payment before, here are 7 reasons to start doing it now:

1. Leaving your wallet at home will no longer be a problem.

Flying out of the house and forgetting your wallet, something quite common, will no longer be a problem. You won't have to borrow money or come back for it, you can pay for all your purchases with your mobile phone.

2. You'll be lighter

You won't have to carry coins, banknotes or even cards. You will see how the thickness of your wallet decreases considerably.

3. Your money is safe (even if your mobile is stolen).

Security is guaranteed in mobile payments. To make a purchase with Apple Pay, for example, you will have to enter a secret code and also your fingerprint.

4. Confidential information is encrypted

Apple Pay uses encryption techniques so that the information you store in the app, as well as your card details, are protected. In addition, different signals are generated for each transaction.

5. You will stop carrying pockets full of tickets

When paying by card, you should always save the purchase receipts. However, if you use your mobile phone, they will be stored digitally on your device. This will also allow you to keep a more exhaustive control of your expenses.

6. Internet shopping will become simpler

Mobile payment will also make it easier for you to buy products in online shops without having to fill in your details and your card details over and over again. If you use an app such as Apple Pay, you can make it much quicker to go through the payment gateway.

7. You will be able to pay in a multitude of establishments

Not only in shops and restaurants, you will also find the mobile payment system in airports, petrol stations... And all over the world!
In addition to all these reasons, mobile payment will save you time and make your day-to-day life much easier.

What are you waiting for?





Edenred Spain

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