The mobile payment revolution has changed the way people and businesses buy, sell and use goods and services, and it’s about to get even more disruptive.
For consumers, the move to a mobile payment system will make shopping and spending easier and faster.
The cost of the mobile payment process has been slashed, and the costs of processing transactions have fallen by almost a third.
But it’s also become easier to hide your identity.
And the payments are more convenient.
If you use an Android smartphone or tablet to shop online, you can now buy goods from Amazon using your mobile number, rather than just the one associated with your account.
Deloitte says the move will help consumers save money and reduce the amount of time they spend on credit card applications and online transactions. AAP/News24