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The implementation of mobile wallet services
Implementing mobile wallet services is very easy. Retailers and financial firms do not have to invest in expensive devices such as card readers. As such, banking institutions are working on the introduction of these innovative facilities.
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The popularity of the direct operator billing system
Payment solutions based on the direct operator billing system are popular because they allow consumers to process settlements safely and easily. Buyers do not have to input their credit card details to purchase a product.
The increasing popularity of mobile wallets
A new report advances that mobile wallets are gaining more users. Currently, one third of consumers process payments via this method. However, there is still some time before it replaces card transactions.
Payment options for unbanked individuals
Innovative solutions like mobile wallets give unbanked consumers the opportunity to process online payments easily and safely. They are not required to use credit or debit cards to validate transactions.
Mobile wallets
The implementation of mobile wallets gives consumers the opportunity to process transactions anywhere and at any time. Using their smartphone, they can purchase various virtual products without any difficulty.
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Buy online subscriptions easily
Payment services, such as mobile wallets, allow you to purchase subscriptions to various websites easily and safely without using your credit card. You can do so via your smartphone or a tablet.
More US customers will use mobile wallets
A recent study carried out by a payment company has revealed that more US consumers will use mobile wallets in the future. It examined 1200 customers and 68% of the respondents, who have already loaded a payment card in the software or intend to do so, have indicated that they will pay for more than 50% of their in-store purchases using this system.
