ENHANCEMENTS IN MOBILE PAYMENT SOLUTIONS

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Emergence of financial mobility Express commerce in developed market consumers In store payments beginning to enter developed market worldwide. UK as the hotbed for mobile payments The obsolute nature of payments

Financial institutions are now being able to connect to their consumers in all parts of their financial life. Technological advancements also have a role in mobile payment solutions.

The payment transactions are gradually becoming invisible. Two factors determine the extent to which payment transactions fade.

Tablets are called “couch devices” because people often tend to use them while sitting on a couch and may even shop in it.

United Kingdom emerged as the no 1 in m-commerce spending in 2014. Of the total amount spent from mobiles and tablets, close to 80% of the transactions were carried out by tablets.

The other alternative in mobile payment solutions is the in store payment. However this is not so popular compared to the mobile purchases.