The 'Payment Wars' Chart Compares Methods of Purchase
Kevin Young — March 16, 2012 — Tech
References: vouchercodes
Electronic wallet are a payment method you might want to consider if you are always that one customer at the front of the line, scrounging through your wallet or purse looking for cash while everyone behind you huffs and puffs -- the 'Payment Wars' chart presents the differences between the analog and digital methods of payment.
One of the concepts presented allows you to purchase goods with a simple tap of your smart phone; another method of payment is a device that connects to your phone, allowing you to swipe your credit card. The payment goes through and you sign for it directly on your phone. Receipts are sent through e-mails so you’ll never lose it.
In this infographic, Vouchercodes.co.uk shows how users can change their way of payment and what their options are.
One of the concepts presented allows you to purchase goods with a simple tap of your smart phone; another method of payment is a device that connects to your phone, allowing you to swipe your credit card. The payment goes through and you sign for it directly on your phone. Receipts are sent through e-mails so you’ll never lose it.
In this infographic, Vouchercodes.co.uk shows how users can change their way of payment and what their options are.
Trend Themes
1. Electronic Wallets - Opportunity for disruptive innovation in developing user-friendly and secure electronic wallet platforms.
2. Mobile Payment - Potential for disruptive innovation in creating seamless mobile payment solutions that eliminate the need for physical credit cards.
3. Digital Receipts - Disruptive innovation opportunity in developing efficient and eco-friendly digital receipt systems that eliminate paper waste.
Industry Implications
1. Fintech - Fintech companies have the opportunity to revolutionize electronic wallets and mobile payment technologies.
2. Retail - Retailers can embrace digital receipts and implement seamless mobile payment solutions to enhance the customer experience.
3. Payment Processing - Payment processing companies can innovate by offering secure and efficient mobile payment solutions and digital receipt services.
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