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Going cashless continues to be a norm, and these days, that is not only limited to carrying credit and debit cards.
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11 Hidden Benefits of Using Mobile Wallet Solutions Going cashless continues to be a norm, and these days, that is not only limited to carrying credit and debit cards. Mobile wallet solutions have made it possible to pay through mobile devices, too. As money-savvy and tech-savvy individuals continue to use these solutions, the more your business should consider adopting the technology, too. That way, you can provide better service and convenience to your customers, while enhancing the user experience. Mobile wallets are virtual wallets enabling people to store their payment or card information on their mobile device. Here are 11 benefits of using them: 1.Get an out-of-the-box solution– Instantly harness the power and convenience of mobile technology within a shorter period of time as mobile wallet apps are available on iOS and Android platforms. Choose a platform that can seamlessly integrate with the legacy core systems of your bank. 2.Offer more convenience to customers– Payment time can be reduced as you can give your customers the option to transfer money using only a mobile number. Timely payments can also be assured this way. 3.Versatility– The right mobile wallet solutions will enable customers to transfer money, conduct contactless transactions, store their credit and debit cards, and pay bills securely. 4.Expand your service range– With mobile wallet solutions, you can provide customers with more payment options for their convenience. 5.Increase customer engagement– Customers who are looking for convenient payment options are likely to choose a business that is using a secure mobile wallet solution. This way, the technology can further increase your revenue. 6.Improve customer loyalty– When customers like your mobile wallet solutions, the more they are likely to buy from you and recommend your business. You also have the option to send special offers directly to your customers’ smartphones. 7.Give incentives– Some mobile wallet solutions allow you to provide perks more easily to customers through cashbacks, free gifts, offers, and discounts. You could even give special promo codes as prizes to customers who keep using their mobile wallet to transact with your business. https://www.ducont.com/ Ducont Systems FZ LLC | Dubai, UAE | +971 (4) 391 3000 | info@ducont.com
8.Keep track of transactions– Your customers can have an easier way to explore their financial transaction history in just a few taps on the app. 9.Integrate with PFM tools– Personal financial management tools can work with some mobile wallet solutions to simplify the delivery of financial advisory. 10.Quick integration– If you have existing mobile applications, the mobile wallet solution can easily be integrated with it in a secure way. 11.Increase security– Mobile wallet solutions can help reduce fraud because they are more difficult to duplicate or steal. About the Author: Ducont Systems FZ LLC is a global technology integrator and IT solutions provider that simplifies digital transformation and induces digital capabilities. We have diversified clientele in various industries including Banking, Insurance, Telecom, E-Governance, Consumer Electronics, Manufacturing, and Utilities & Logistics. We have expertise in Mobile banking solutions, Field service management solutions, Enterprise mobility solutions, and Microsoft and IBM solutions. https://www.ducont.com/ Ducont Systems FZ LLC | Dubai, UAE | +971 (4) 391 3000 | info@ducont.com
