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Mobile Payment, the mode of transaction for majority today: Jump into the bandwagon with Prismetr
With an instant rise of the mobile apps industry the m-commerce industry has also experienced a sudden boost and with these together has become one of the major source of payments today.
Look around and you will find everyone having a Smartphone that is always with them. To make instant mobile payments, all they need is a Smartphone, a mobile application for payment and access to their account.
Flipkart, one of India's largest e-retailer, is also keen to amp up the company's capabilities in mobile payment segment. As per the announcement of a company's spokesperson on 1st April, the company has bought PhonePe, a mobile payments company and planning to roll down its first unified payments interface (shortly called 'UPI') to its nationwide customers this year.
Reportedly this new payment interface will allow Flipkart users make payment using their unique identification and mobile phone number only. The users will not need to reveal much of their bank details. The new product of mobile payment will not only make checkout faster but will provide users with a more secure digital payment environment.
Flipkart isn't the only player enhancing its space in the instant mobile payment industry. There are tens of thousands of other small and large-scale companies in the world that are keen to improve their presence in the mobile payment industry. Amazon is certainly a front runner in the space.
Immediate mobile payment apps increase transaction speed, lower security risk and reduced transaction cost- all these help companies boost growth across multiple business channels. Many merchants around the world are trying different strategies to stimulate their customers to adapt to mobile payment. Some retailers are even rewarding the consumers while using mobile payment.
Having said that, it is no-brainer to understand that, instant mobile payments will witness more adaption globally. And, certainly the space will see more innovation in strategies and mode of payment in the coming years.
If you are a retail business, having a mobile app is a must-have business infrastructure in today's time. If you need a retail app with instant mobile payment feature, Prismetric is the answer. They are one of the companies with a large client base leading in custom mobile app development (visit https://www.prismetric.com) in USA, UK, Canada, India, South Africa, UAE and European countries.
Since their origin, the company has been always aiming to provide their global clientele with most customized mobile app solutions that truly fulfill their business needs and goals. Partner with Prismetric to harness their years of expertise and vision in technology innovation in developing a successful mobile commerce (retail) app (visit https://www.prismetric.com/
About the company:
Prismetric is fast emerging as a leader in the custom mobile application development. Since the dawn of mobile app era, they have been helping businesses of all industry verticals to enter the mobile market and increase their reach to consumers. The company with its great insight into the mobile app development industry understands why integrating immediate mobile payments are vital to retail app owners.
Prismetric Technologies Pvt. Ltd.