Payment apps are now one of the most common and popular forms of transaction, thanks to the ever-improving technology and convenience promised by the entire process. While the system did make its way overseas at first, India has since caught up with the rest of the world when it comes to using these mobile wallets. With the establishment of many payment app companies in India, the market only continues to grow.
Here is a look at some of the reasons why you need to start using a mobile payment app, if you have not been using one already.
1. Much faster than internet banking
While it is possible to make payments using the net banking facility through your phone, the procedure takes much longer. Furthermore, you need to connect to your bank’s website in order to complete a net-banking transaction. This can be problematic if your bank's website does not respond, has a link failure or if the website is under maintenance just when you need to conduct the transaction.
However, with a payment app, you can just open it and initiate a transaction round the clock. It is simpler, more convenient and faster.
2. Multiple cards on the phone
With a mobile payment app, you can save the information of multiple credit and debit cards at once. This allows you the freedom to venture out without carrying the different cards in your wallet. If you need the money, you can simply use the app instead and select the card from which you want the money to be debited. Furthermore, it also reduces the chances of losing a credit/debit card.
3. Secure form of payment
While cards are moderately safe and secure, the mobile payment apps offer a safer method for transactions. A person may be able to bypass the security offered by the card itself, but it is almost impossible for a normal person to bypass the SSL or TLS encrypted security offered by such an app.
4. Most vendors accept the usage of payment apps
As more and more people are shifting base to the digital universe, vendors have also started to incorporate the technology at their outlets. Today, almost all restaurants, movie theatres, malls and other businesses support the mobile payment system. So, the mode has not only become feasible but advantageous as well, with a number of discounts and cashback options available.
If you are yet to switch to such an app, ensure that you do so immediately. It will make transactions easier and will also allow you to avoid some of the hassle related to cash transactions.
Here is a look at some of the reasons why you need to start using a mobile payment app, if you have not been using one already.
1. Much faster than internet banking
While it is possible to make payments using the net banking facility through your phone, the procedure takes much longer. Furthermore, you need to connect to your bank’s website in order to complete a net-banking transaction. This can be problematic if your bank's website does not respond, has a link failure or if the website is under maintenance just when you need to conduct the transaction.
However, with a payment app, you can just open it and initiate a transaction round the clock. It is simpler, more convenient and faster.
2. Multiple cards on the phone
With a mobile payment app, you can save the information of multiple credit and debit cards at once. This allows you the freedom to venture out without carrying the different cards in your wallet. If you need the money, you can simply use the app instead and select the card from which you want the money to be debited. Furthermore, it also reduces the chances of losing a credit/debit card.
3. Secure form of payment
While cards are moderately safe and secure, the mobile payment apps offer a safer method for transactions. A person may be able to bypass the security offered by the card itself, but it is almost impossible for a normal person to bypass the SSL or TLS encrypted security offered by such an app.
4. Most vendors accept the usage of payment apps
As more and more people are shifting base to the digital universe, vendors have also started to incorporate the technology at their outlets. Today, almost all restaurants, movie theatres, malls and other businesses support the mobile payment system. So, the mode has not only become feasible but advantageous as well, with a number of discounts and cashback options available.
If you are yet to switch to such an app, ensure that you do so immediately. It will make transactions easier and will also allow you to avoid some of the hassle related to cash transactions.
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