Mobile Payment technology and challenges

With our phones getting smarter, there are multiple mobile payment apps available to facilitate easy payments. A customer would not have to carry cash or cards and will be able to pay merely by tapping on their smartphones. However, mobile payments are not being adopted on a wide scale and customers show some level of reluctance. 

Read on to know more about the reasons for the same:

1. Security Issues

People are of the belief that card is the safest way to carry out any transaction. However, smartphones can also help you with mobile payment. The concern among users is mainly due to the fact that their personal sensitive information might reach wrong hands as they are not aware about the security present.

 2. Choice of customer

Although merchants are happy with mobile payments adoption, users seem to be reluctant and continue to prefer using cards than their phone, making it a challenge.

3. Global Payments

Mobile payments are not accepted worldwide and hence, users are not switching to mobile payments on a full-fledged manner, which makes it another challenge.

You can overcome all the problems by making use of UniPay gateway for mobile payments technology! Feel free to contact us, if you have any questions.

Go to #UniPayGateway website to learn more on mobile payment adoption.