Bitcoin, NFC, and voice-based payment, the digital mobile wallet solution of the future will have all these and many other features. In recent years, technology has evolved to facilitate people to make payments by using multiple options. As the smartphone user’s expectations and demands keep on changing rapidly, we have got innovative ways for payment in the mobile wallets.
Today, we witness a transformation of money from the physical form to digital form. In this age of digitization, the concept of digital money becomes rapidly popular across the world and the mobile app development company integrates smart features to make the payment experience more convenient and safer than ever.
In the past five years, we have seen an exponential increase in the popularity of digital wallets. The year 2019 has remained a milestone year for customized mobile payment solutions. As the year 2020 comes nearer, newer trends are getting ready to make the digital mobile wallet more advance and convenient for the users.
Here are the top five wallet app development trends set to rule in the year 2020. If you are planning to bring a mobile wallet for your customers, these trends will remain helpful for you.
- Top Five Digital Wallet Trends to Dominate in 2020
1. Increase in mPOS (Mobile POS) devices
Mobile-based payments also include Mobile Point of Sale or mPOS. Talking about mPOS, these wireless devices offer a simple and convenient way for merchants to accept payment. These portable units can be taken anywhere for accepting payments from customers.
Original Source: Mobile Wallet App Development
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