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Mobile’s Cashless Crusaders: The New Ways to Pay

Mobile’s Cashless Crusaders: The New Ways to Pay

Mobile’s Cashless Crusaders: The New Ways to Pay
January 03
09:14 2019
Booking.com



It’s time for an afternoon coffee, and with no wallet in sight, a young man at the shop’s POS — or point of sale — pays with ease, using his thumbprint, or rather Touch ID, to unlock his digital wallet and pay with Apple Pay.
Here’s another scenario: Perched behind her laptop, a young woman is ordering a few apparel items online, yet cumulatively her shopping cart is out of her price range, so she opts to pay in installments — dividing payments over four equal amounts.
In yet another scenario, a group of several friends dine out, and when the check arrives, they learn the restaurant only has a two-card payment policy. Without a blink, one of the patrons uses her credit card to pay the bill while the others assume a subordinating role, asking in nondescript tones — without breaking eye contact from their smartphones — “What’s your Venmo?”
Regardless of when, how or who they’re paying, these scenarios illustrate how Millennials and Gen Zers prefer to “do things their own way.”
In response, consumer-centric and alternative payment companies emerging to meet these new demands. Through powering global transactions with user-friendly technology that offers flexibility — consumers can opt to pay now,

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