When it comes to embracing change, B2B is following – slowly – in the footsteps of B2C. Businesses that are focused on B2B have to overcome more hurdles to make those changes, including legacy systems and more traditional processes.
Research indicates that the use of mobile devices to make payments is continually on the rise. A Deloitte study predicted that in 2015 five percent of mobile phones would make a payment once a month (up from just 0.5 percent in 2014). Since the technology needed to support the ease and security of mobile payments and shepherd consumers all the way to a cashless society is out there, why is the shift occurring slower than anticipated?
A recent study published by MasterCard Advisors confirmed that the availability of digital payments was a key point for cardholder engagement and loyalty, resulting in growth for the card issuer. Credorax agrees that digital payments represent a growing and vital source of revenue! Let’s examine some of the fundamental points of the MasterCard study.