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Mobile Payment Trends to Watch out for in 2017

The latest advancements in mobile technology led to the introduction of convenient services, such as mobile payment systems. Smartphones have gone beyond the call of duty, as businesses and banks are now leveraging the Internet of Things (IoT) to expand their reach and offer a fast and convenient service to consumers.

By 2020, mobile payment will be a standardized process. Based on the research undertaken by Visa, many people could be leaving their wallets behind and paying for almost every purchase using their mobile devices. Merchants and customers will feel more comfortable in transacting through smartphones, whether through NFC-enabled t ...

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