Call us: +44 1223 596 596   |   +63 2 957 7488
contact@bureauserv.com
  • Local Sites
    • Australia
    • Singapore
    • United Kingdom
Bureauserv LimitedBureauserv LimitedBureauserv LimitedBureauserv Limited
  • Home
  • Services
    • Customer Service and Sales
    • Digital Marketing Services
      • Web Design and Development
      • SEO and Search Marketing
    • Accounting, Bookkeeping and Payroll
    • Virtual Assistant
  • About Us
  • Careers
  • Blog
  • Contact Us

Are Mobile Wallets The Future of Your Business?

    Home Blog Business advice Are Mobile Wallets The Future of Your Business?

    Are Mobile Wallets The Future of Your Business?

    Business advice, Digital marketing, Online marketing

    We have all become so attached to our phones that any idea or technology related to it is automatically viewed as a surefire success. This is why mobile wallets made a worldwide buzz after Apple Pay’s creation in 2014. It is a mobile payment app that facilitates card-less and cash-less transactions. After that, Google, Samsung and all other competitors followed with their very own platforms.

    What are mobile wallets?

    Mobile wallets refer to payment services performed with the use of your mobile device. Basically, this will allow you to store credit card information through your smartphone, tablet, or smartwatch. So, your mobile device becomes an instant cash register machine. This way, you do not need to carry your credit card with you all the time.

    Mobile Wallet Consumer Adoption

    Despite the initial frenzy, mobile wallets have not taken the consumer world by storm. A study by RFi Consulting found that Australians seem reluctant to use mobile wallets. This was attributed to the convenience of contactless credit and debit cards. More importantly, there are instances of hassles in finding the appropriate card from the right bank to connect with the correct phone.

    However, industry experts remained optimistic about the potential of mobile wallets. In India and China, mobile payments and wallets are becoming popular. About one-third of the RFi respondents were already using the technology. The statistics for Singapore is even higher where more than one in three are already using mobile wallets.

    Why Use Mobile Wallets?

    Once the initial hurdles of transitioning consumers from traditional payment systems are resolved, consumer adoption is expected to grow exponentially in the next three to five years. The following are some advantages offered by mobile wallet:

      1. Ease of use – Consumers can create a digital copy of their credit cards, debit cards and bank accounts on their device. They can use it without filling in of card numbers and passwords every time. Transactions are as easy as cash.
      2. Convenience and accessibility – You don’t need to carry a wallet for cash and card, all you need is your mobile device. You can pay for purchases or transfer money anytime.
      3. Better management of finances – Mobile wallet allows synchronisation of information from multiple platforms. Therefore, you can link your bank accounts, credit and debit cards, mobile accounts and bills under a single platform.
      4. Customer loyalty programmes – Businesses can easily offer rewards, discounts, and bonuses via these apps.
      5. Enhanced brand awareness – Customers are constantly looking at their mobile devices. So, by having a mobile wallet, you are increasing the opportunity to push your brand to their awareness.
      6. Gain consumer insights – You can track your customer’s data usage, like what sort of items they buy, etc. You get inside info on them without lifting a finger.
      7. You position yourself ahead of the pack – Experts believe that the mobile wallet game will hit the $186 billion mark come 2018.

    Evidence shows that more people are slowly embracing the use of mobile payments. The day when cash and credit and debit card payments have become obsolete may come sooner than we thought. Businesses should aspire to keep up and embrace this technology.

    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • LinkedIn
    Customer service and sales, Marketing Automation, online sales, Outsource Accounting

    Related Post

    • Marketing Automation

      Marketing Automation: The Modern Way to Advertise

      Comments are Closed

      Automation has made life so much easier and fun, even in marketing. It streamlines all marketing and sales repetitive tasks with automated solutions, which reduces costs and human errors. These days, software and technologies areExplore Now

    • Tasks Small Businesses Should Outsource

      Comments are Closed

      In the book the E-Myth, Michael Gerber highlighted one of the challenges that small business owners encounter: balancing growth while trying to do everything alone. Many entrepreneurs have great skills and talents, but as theExplore Now

    • The A to Z of Outsource Customer Support

      Comments are Closed

      A An Agent is a vital part of outsourcing customer support since they are the ones who connect businesses to their customers by taking care of their needs and keeping them informed of what theExplore Now

    • The A to Z Blog Series

      Comments are Closed

      The A to Z series consists of blog posts that enumerate facts or topics related to outsourcing, accounting, customer service, digital marketing and virtual assistant. This blog series is designed as a guide to introduceExplore Now

    • excellent customer service

      How to provide excellent customer service?

      Comments are Closed

      Excellent customer service is mandatory. Most definitions would describe customer service as a process or the act of taking care of customer’s needs and ensuring customer satisfaction. Customer service is an important part of aExplore Now

    Our Services

    Inbound customer service; outbound telemarketing and sales support
    Web design and development; SEO and Social Media Marketing
    Accounting and bookkeeping; payroll and data processing

    Recent Posts

    • outsourcing

      The A to Z of OUTSOURCING

      A Accounting is usually one of the first departments small business outsource

    • outsourcing digital marketing

      The A to Z of Digital Marketing

      A Adwords is a form of  PPC or Pay-Per-Click paid advertisement that

    • different kinds of digital marketing in 2019

      Digital Marketing in 2019

      What happened in 2018? In last year’s prediction of what Digital Marketing

    • data policy

      Data Breach on Data Policy

      In light with Google’s announcement of shutting down Google+… In light with

    About Us

    Bureauserv specialises in providing innovative and cost-effective business outsourcing solutions with advanced computer telephony applications. We are committed to assisting businesses achieve their desired growth by developing services tailored to their specific needs.   Explore Now..

    Our Services

    Inbound customer service; outbound telemarketing and sales support
    Web design and development; SEO and Social Media Marketing
    Accounting and bookkeeping; payroll and data processing

    Links

    Home | Services | About Us | Careers | Blog | Terms of Use | Privacy Policy

    Newsletter

    • This field is for validation purposes and should be left unchanged.

    Recent Posts

    • outsourcing
      Comments Off on The A to Z of OUTSOURCING

      The A to Z of OUTSOURCING

    • outsourcing digital marketing
      Comments Off on The A to Z of Digital Marketing

      The A to Z of Digital Marketing

    Copyright 2021 Bureauserv Limited. | All Rights Reserved
    • Home
    • Services
      • Customer Service and Sales
      • Digital Marketing Services
        • Web Design and Development
        • SEO and Search Marketing
      • Accounting, Bookkeeping and Payroll
      • Virtual Assistant
    • About Us
    • Careers
    • Blog
    • Contact Us
    
						Bureauserv Limited
    Enhance customer service and sales

    Excellent customer service and sales require a team with a customer centric approach and the ability to create a positive experience from the first contact and build enduring relationship with a customer. As a strategic partner, we are committed to delivering exceptional customer service that exceeds your customers’ expectations.

    • This field is for validation purposes and should be left unchanged.