Are people’s Smartphones becoming their new wallets?
Technology is evolving faster than we can keep up with these days. You’ll usually find yourself looking for your credit cards every time you need to pay for common everyday items with your MasterCard or Visa. These days payment options like PayPal and NFC ( Near Field Communication Devices are becoming more common place payment options.
Just recently Dollar General added pay with ‘PayPal’ to it’s in person cashier kiosks. Smartphones have been even better for carrying sensitive information such as keeping track of all of your passwords and pin numbers for your credit cards. MasterCards support NFC and QR codes now, making online transactions even easier. Even Visa now has checkout terminals in many places and sometimes delivers receipts via SMS ( a text message ). As wallets become less useful and Smartphones become the preferred tool of choice, who knows how the Smartphone will evolve the way we do business in the future, wallet or not.
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