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You’re making a purchase at a retail store, and the cash register is large, clunky, and painfully slow, even for 2004. Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Why Is Adding Mobile Payments Important to Businesses Today?
Cash payments are passé. Consumers are increasingly opting for debit and credit cards or other digital paymentmethods—for in-store and eCommerce purchases alike. This was a huge leap from 2018 when only 29% used cashless payments for the same. Unfortunately, personal data is most sought-after by criminals.
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