E-wallet race heats up
Early adopter: A man scans a QR code with his smartphone to purchase a drink from a vending machine in Guangzhou. China has been one of the earliest adopters of such a trend using mobile phones fitted with scannable quick-response codes which facilitate such transactions. — Bloomberg
PICTURE this scenario.You’re stepping outside your office for a drink at a cafe that you’ve been visiting for over a decade.After your drink, you walk up to pay.
But now, instead of giving the cashier cash like you’ve been doing all this while, you make your payment via your e-wallet, which is essentially an app residing in your mobile device that can be loaded with money and used to pay for goods and services.
And that’s not all. The same company responsible for supporting that e-payment is also the one lending you money to start your very own business and helping you facilitate cross-border remittances, bypassing all the red tape that traditional lenders have come to be associated with.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments