Mobile payment technology and payments security is light-years ahead of just a few years ago. As scammers have found ways to take advantage of payment methods, mobile phones have stepped up to offer a more secure and convenient way to pay.
At this point, millennial borrowers probably make up a large portion of your customer base, so it’s important to understand their spending habits and priorities. The American Institute for Certified Public Accountants (AICPA) conducted astudyof millennials and found 70% believed that financial stability was the ability to pay all their bills each month. So, according to millennials, stability means striving for zero payments due at the end of the month.
Make it easy for customers to pay and stay with your very own mobile payment app. People use their smartphones for so many things other than making actual calls. In a late 2017 Statista survey, almost one-third of smartphone owners reported that they use their phones to make calls either occasionally, seldom, or never.Read More