1 February 2017

7 things you need to know about mobile payments

keys to mobile payment

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:

Table of contents

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

Flying out of the house and forgetting your wallet, something that happens quite often, will no longer be a problem. You won't have to borrow money or go back for it, you'll be able to pay for all your purchases with your mobile.

2. You'll be lighter

You won't have to carry coins, notes, or cards with you. You'll see how the thickness of your wallet decreases considerably.

3. Your money will be safe (even if your phone is stolen)

Security is guaranteed when paying by mobile. To make a purchase with Apple Pay, for example, you will need to enter a secret code and also your fingerprint.

4. Confidential information is encrypted

Apple Pay uses encryption techniques to protect the information you store in the app, as well as your card details. Furthermore, different signals are generated for each transaction.

5. You will stop carrying pockets full of tickets.

When paying by card, you must always keep the purchase receipts. However, if you pay from your mobile, these will be stored digitally on your device. This will also allow you to keep a more exhaustive track of your expenses.

6. Online shopping will become simpler

Paying by mobile will also make it easier for you to buy products in online shops without having to repeatedly fill in your details and your card details. If you use an app like Apple Pay, you'll be able to get through the payment gateway much faster.

You will be able to pay in a multitude of establishments

Not only in shops and restaurants, you'll also find mobile payment systems in airports, petrol stations… and all over the world!
As well as all these reasons, mobile payment will save you time and make your day-to-day life much easier.

What are you waiting for to try it?





Edenred Spain

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