Even before the Covid Pandemic started, there has always been a rise in contactless payments and alternate payment methods. The pandemic has only given it a greater push. Here are five payment trends supported by Payment Asia that have the potential to fuel the exponential growth of e-Commerce in 2022.
Trend #1: Mobile Payments
Nowadays, mobile payments are
the new de-facto method used for the purchase of everyday goods from groceries to
pet care. Cash money, paper checks and card payments will be a completely alien
concept to the coming generation. The obvious reason for this huge shift to
mobile payment is that it's simply much easier. People no longer have to carry
a check everywhere they go, and delivery guys don’t have to bring a card swiper
to your door every time. Also, with Covid and its variants around the corner,
mobile payments certainly promote social distancing. Hence, the mobile payment
method is to be the inevitable king of eCommerce. Payment Asia reviews testify that it provides
excellent payment technology that supports a variety of mobile payments.
Trend #2: Google Pay and Apple
Pay
E-Wallets such as Apple Pay and
Google Pay are significant modes of transaction. People are most likely to
forget their wallets than their smartphones. Electronic payment technologies
have not completely replaced traditional card or cash payments yet, but that’s
the direction in which we are all heading to.
Trend #3: Single-Click Payments
Many companies, especially
Amazon use the so-called “single click” payment methods. By holding your card
details and shipping data online using the process called tokenization, they
can allow you to choose and purchase it immediately without having to go through
checkout carts and fill out payment forms for every purchase. Tokenization
encrypts card details into tokens that are stored securely and safe to use
anytime. Invest in Payment Asia to provide your customers with
this safe and easy payment mode that gives your customers the advantage of not
having to enter card details every time they make a payment.
Trend #4: Contactless Payment
Contactless payments are made
via Near Field Communication (NFC) or Radio-Frequency Identification (RFID). In
general, the consumer taps on a payment-enabled mobile device or contactless
chip card or on a contactless-enabled POS terminal. These types of payments
make checkouts faster and easier for the consumer. Contactless payments methods
have become significantly popular during the pandemic.
Payment Asia reviews affirms that the payment gateway provider
offers a range of e-commerce friendly payment technologies that have the
ability to grow an online business.
