The Rise of Digital Payment Systems


Hi guys, 

Welcome back to another interesting read, this week we are going to look at the rise of digital payment systems.💸

I don't know about you guys but I can't remember the last time I carried cash in my purse or used cash to buy anything. The rise of digital payment systems makes it more convenient for you and I to make our daily purchases. 🛍 

Payment systems such as Revolut, Apple Pay and Google Pay are becoming everyone's saving grace when you run out of the house in the morning and you have forgotten to bring any money and all you have is your phone because lets be honest not many of us leave the house without our phone in hand.📱

Lets take a look at a few reasons as to why there is such a rise in digital payment systems.

Covid 19 had a big impact of the rise of digital payment systems. Shops and restaurants stopped handling cash during the pandemic which meant we had to start using our cards to pay for everything but who likes having that worry that you are going to loose your debit card! With a few easy clicks we are able to have our cards on our phones using revolut or apple and google pay. In order to access these systems on your phone you need finger print access or face ID this means there is high security and not just anyone will be able to access to your cards if they got hold of your phone.

The increasing use of mobile phones and social media is a huge factor in the rise of digital payment systems. As I said earlier its highly unlikely that we would leave the house without our mobile phones they are basically glued to our hands! This just makes it more convenient for us to use the digital payment systems available on our phones!

I hope you all enjoyed this blog see you all next week.😎 

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