According to a report, as the desire to pay with cash or credit card declines, the number of Western Australian customers making payments using smart phone or smart watch continues to increase.

perth news

Mobile Payment

When Perth customers come to register to pay for their goods or services, many of them simply use their mobile device instead of handing over dollar bills or pulling out a credit card. As a result, many small businesses have been quick to adopt the new technology. One reason is that mobile payment programs are relatively inexpensive and don’t require sophisticated technical knowledge to implement.

In many ways, it is easier for consumers to adopt to mobile payment systems because they don’t have to carry cash and cards. One of the biggest advantages of using mobile payment is convenience. When you use mobile payment, the process becomes easier and less complicated. Nowadays, you can pay anywhere at anytime with your mobile device connected with Internet. This allows you to seamlessly purchase products or services without having to physically handover cash or swipe a card.

Another advantage of using mobile payment is security. When you pay using your mobile phone, you don’t have to assume the security risks associated with cash. Moreover, mobile payments reduce theft risks of having cash on hand as you no longer need to worry whether you have enough cash in your bulky physical wallets.

In addition to those, unlike credit card payment, mobile payment is a more secure way. Credit card information is not stored on smart phones directly but in the cloud. So no thief could extract your credit card details just by stealing your phone.

Mobile payments are not only advantageous to customers, but to businesses as well. There are really some nice reasons why mobile payments are booming here in Australia. For more on this news, check this out: https://www.perthnow.com.au/lifestyle/personal-finance/mobile-payments-are-booming-in-australia-as-customers-ditch-cards-and-cash-ng-863e9f260f262b22d935ef8840ac6ab4