Payments are made without cash and it’s easy to just take your mobile phone with you when you go out. For example, if you forgot to bring money with you when you went shopping, you had to ask your friends to borrow it or go back to get it, which was a lot of trouble.
Increased protection for online shopping. For example, the “cash on delivery” service, which was first introduced by some apps, has not only improved shopping protection, but also promoted the enthusiasm of online shopping, allowing us to enjoy many services online without having to leave home.
Previously, we went out to the intersection to wave a taxi, but now I can call a taxi in advance on my mobile phone and wait for the car to come before going out; taking the bus and doing the underground can be easily done by mobile phone, and buying train and plane tickets can also be easily done by mobile phone.
Transaction payments save time.
The reason why mobile payment has gained so much recognition, especially now that both buyers and sellers rate it highly, is that it allows merchants and consumers to experience a more convenient and secure payment experience, making the transaction and payment process simpler and less stressful, saving more time and avoiding embarrassing queues at checkout during peak shopping periods.
Mobile payment is highly integrated with various industries, perfectly solving their problems, both online and offline, and in various scenarios such as entertainment, healthcare, travel, catering, hotels, etc. Mobile payment is well integrated.
Spending and money management
One of the features of mobile payments is that it achieves a degree of separation between you and your money, so there seems to be a little less guilt when it comes to spending money. But to avoid overspending, you can also use some money-saving apps to help you plan your finances. There are plenty of apps available to track spending and it can be easy to see how purchases will fit better into your budget to avoid overspending.
Big Data and Marketing
Once a customer has used mobile payments to make a purchase, the merchant can use the mobile payment system software to track the customer’s information and make full use of it to improve their products by obtaining data about their purchase patterns. Or they can use the membership and marketing features of the mobile payment system to issue membership benefits, card vouchers and other offers to drive repeat business.
Mobile payment has solved all the limitations of traditional transaction payment, not only improving the convenience and security of payment, but also making travel transaction payment more convenient, not restricted by time, place and space, the mode of transaction has become more simple, and now this payment method is recognized by many people and has become fully popular in different places in various industries. Therefore, it is necessary for us to have a mobile banking app malaysia in a bid to manage our money and access its convenience.