Today, fewer consumers are carrying cash in their wallets. It’s not for lack of having it, but more because the technology surrounding payments has evolved significantly in the past decade. There are a variety of new payment methods, some of which include mobile and contactless. These new payment forms are an easy way to move money, and, according to a report entitled ‘Mobile Payments Convergence’ (http://nnw.fm/0v8rT), “Mobile proximity payment volume has tripled since 2013, reaching $10 billion in 2015, and is expected to surge to $92 billion by 2019.”
As a small business, it is easier than ever to participate in this new trend, and it is also recommended, as more customers expect to be able to pay with minimal effort. Mobile payments are growing and, according to a report by Total Systems Services, (http://nnw.fm/oHq7V), this new trend isn’t going to slow down anytime soon. The report shows that 44% of people surveyed were likely to or already have…
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