If one thing Millennials are keen on developing, then it is a cashless society.
The raging generation is redefining the way we conduct our daily finances. Since a very long time, we have been striving to create a digital society. But after the long and tedious struggle, we have just scratched the surface. We might have adopted the idea of plastic money, but it is soon going to be a thing of the past. Digital Wallets. The new fad in the world of finance is stepping up and taking over.
The extensive use of digital wallets is leading to a cashless digital society. Even the world of banking is now embracing wallets of the new era. The tech takeover in the world of finance is changing the way we perceive money and most importantly the way we conduct our transactions. Think about it. The next generation will be tapping their smartphones to conclude their transactions. Your smartphone is your wallet. Sounds slick and futuristic? But the future is here.
THE PREVAILING SITUATION:
Traditional leading brands such as Visa, Mastercard are all making efforts to meet the essential trends of the industry. They are applying strategies to keep their customers engaged by collaborating with brands to provide an efficient and a personalised experience. According to recent stats, tech-savvy millennials are ready to give up their traditional banking apps in favour of new digital wallets in no time. This is leading to the creation of a cashless society. But will a society run by digital wallet be a luxury or a necessity for us? Let’s understand how digital wallet will impact the customers as well as business owners.
DIGITAL WALLET FOR CUSTOMERS:
SECURITY:
This story is from the November 2018 edition of Exhibit.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2018 edition of Exhibit.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Are You Fed Up With Fake Profiles On Dating Apps?
Bumble has an AI solution for avoiding scams and frauds
WHAT FITS MY POCKET
Even though it seems too good to be true, there's no longer a need to break the bank when you want to buy some great tech product. With a budget of under *20,000, you can find great gadgets to meet your basic needs. Let us help you decide which ones are right for you.
TECH LAUNCHES
The Honor X9b is a new mid-range smartphone with a 6.78-inch 1.5K AMOLED display and 120Hz refresh rate.
WHAT'S HAPPENING WITH PAYTM?
Paytm has been under some serious trials in India. Is Paytm Wallet going to continue functioning after March 15? Paytm has not provided a clear clarification on this matter yet.
EXHIBIT OFFICE TECH TOUR
Where Technology Meets Lifestyle
PULSE WIDTH MODULATION
WHAT IS IT, AND WHY SHOULD YOU KNOW’?
READY FOR SILENT AUTO RIDES?
ZERO21’s Project Gagan allows retrofitting ICE autos with EV powertrain
Cinéma d'Art
TOP 5 OTT RELEASES
CINEMATIC QUEST
EXPLORING UNDER-APPRECIATED TRAVEL FILMS
WINDOWS GETS IMAGE EDITING AI
GENERATIVE ERASE THEM ALL!