Top 6 Myths About Mobile Payment: It’s Time To Grow Up [Infographic]

Must Read

The explosive growth in global mobile industry has triggered the adoption and development of mobile app ecosystem. Users are becoming more demanding and pushing their devices for peak performance activating various services on their mobile devices. Witnessing the transformation of e-commerce into m-commerce, digital payment gateways have marked their presence in mobile payment industry.

However, majority of mobile users, who are fascinated and owning high-end ‘multi-taskers’ smartphone, are still hanging around with conservative mentality towards mobile payment. In spite of mobile data encryption, secure mobile socket connections and secured mobile data transmission techniques, users are protective towards m-commerce – which is still a major concern for m-commerce as industry.

The mobile payment industry is expected to be as big as $670 billion by 2015. However, with above attitude, it would be tough for companies and marketers to leverage upon the mobile sales arm for their clients or business.

Advertisements

So, what are the challenges and myths ? Intuit has charted out top 6 myths about mobile payment in a form of infographic. The highlights are:

  • The mobile payment processing fees is too high.
  • Don’t need mobile payment as offline and cash sales are doing good for business.
  • Mobile payments are insecure affairs.
  • Mobile payments take too long to settle for vendors.
  • It’s a complicated task to set up mobile site – especially mobile payment gateway.

Mobile Payment Myths

1 COMMENT

  1. Its a real shame how so many businesses are missing out on a fantastic marketing opportunity due to inaccurate misconceptions!  
    I’ve written two blogs related to the topic, one on the benefits of mobile marketing, and the other discussing mobile payment options – both displayed below.  Would love to hear the opinion of others!
    http://blog.cloudzync.me/2013/04/mobile-marketing-in-business/
    http://blog.cloudzync.me/2013/04/adopting-a-mobile-payment-system-into-your-business/

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The Advantages of Java Logging

If you're a fan of Java logging, you already know that there are three main types, Log4j,...

Jio Postpaid Plus Plan Offers Free Netflix And Amazon Prime To Give Airtel and Vi Run For Their Money?

The just launched Jio Postpaid Plus plan is making heads turned. Just when you think Mukesh Ambani led...

TikTok Oracle Deal: China is Not Happy

Beijing is not at all happy with how the TikTok-Oracle deal panned out! In an editorial, Global Times, the...

TikTok Oracle Deal: Confusion, Contradictions and Quest for Control

Another day Another verbal volley. TikTok Oracle deal saga continues. The tug-of-war with the back and forth statements surrounding...

5 Common IT Infrastructure Management Issues You Must Resolve Today!

Your IT infrastructure supports your entire operation, but there are many struggles departments have difficulty identifying and overcoming. One of the biggest...

TikTok Oracle Deal: No Technology Transfer, No Ownership, Rest All Is Fine

The brouhaha around TikTok and the US administration simply refuses to subside. In the ensuing see-saw of developments, ByteDance...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This