Paying on the go is just one of the many changes people are making in their daily lives. Depositing cheques and credit card purchases no longer have to take up large portions of your day.
Services like GoBank allow you to take a photo of a cheque on your smartphone and have it deposited directly to your account. The bank runs solely from its smartphone app and eliminates any need to communicate with an actual bank teller. You can pay bills, check your balance, and order debit cards all through the GoBank app.
Another way to make quick payments is with LAKS watch2pay. The watch uses a small chip and functions similar to MasterCard's PayPass technology allowing you to make quick and easy payments at the checkout.
For morepaying on-the-go services check out Jaime Neely's latest interview.
Painless Payment Products
Jaime Neely Shares the Best Services for Paying on-the-Go
Trend Themes
1. Mobile Banking - Mobile-only banks like GoBank allow for efficient banking on-the-go.
2. Contactless Payments - LAKS watch2pay's chip technology enables quick and easy payments at the checkout.
3. Digital Wallets - Services like GoBank and LAKS watch2pay eliminate the need for physical cards and cash, paving the way for digital wallets.
Industry Implications
1. Banking - The rise of mobile-only banks like GoBank points towards a future where traditional brick-and-mortar banking may become obsolete.
2. Retail - LAKS watch2pay's contactless payment technology could revolutionize the way people pay for goods, providing greater efficiency and convenience for both consumers and retailers.
3. Fintech - The emergence of digital wallets as a viable payment alternative represents a disruptive innovation opportunity for fintech companies looking to drive consumer adoption and contribute to the cashless society trend.