Dear MI-FAns,Nowadays he mobile payment market is very nascent but growing very quickly,According to Apple, Pay app developers are seeing a more-than-double increase in checkout rates. Recent data found that while mobile wallet users still aren’t a majority, they have doubled since 2013. Cash and checks are already fading out. PayPal revealed in a recent survey that a third of millennials use PayPal and that the digital “peer-to-peer” methods have replaced checks as the second most popular way to pay back others. With the increasing number of NFC-enabled devices, many people are paying for things with their phones instead of swiping a credit card or paying cash.
It seems like mobile payments are picking up across all Android phones (except those without NFC). More stores are bound to adopt the standard, allowing your device to replace your wallet. Moreover, Android’s offering seems very solid as well (unless you are rooted). But while mobile payments are nice, they are unnecessary. Will they replace your wallet?
Will Mobile payment replace wallet?
share your views !!
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