5 Reasons to Accept Mobile Payments Now
Now that high-speed mobile connectivity permeates our society, millennial digital natives (and many older "digital immigrants") are seeking ways to leverage its benefits. That's leading them to gradually embrace newer, more seamless and secure modes of payment: from EMV credit cards and e-checks to mobile contactless payments made with smartphones and smartwatches.
Mobile payments, or tap-to-pay systems, are especially promising. Although the underlying technology has been around for decades, it’s only recently gained traction as a viable payment method for U.S. consumers.
In 2015, Wired predicted an upsurge in mobile payments adoption. Many experts expect the category to represent a significant portion of the American payments market by 2020 — and perhaps a majority in the more distant future.
That begs the question: If you aren't yet accepting mobile contactless payments, what are you waiting for? Making your business mobile-friendly is easier than you think — and carries valuable benefits that you probably haven't considered.
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