“In conclusion,” “in the end,” “in closing,” “in
summary”—these are the phrases that make our ears perk up. Are
you perked? Good! Thanks for joining me and my team on the last
leg of our short journey.
Throughout our time together, we took some scenic stops
where we talked and learned more about all of the different aspects of Digital
Payments in our society today. It really
is something to look into more for yourself, even after this course. If you ever have questions or want to know
more information on how you can get more involved with digital payments, skim
through our blogs! We’ve already done
the research for you! (*You’re welcome*)
Overall through the past several weeks, we broke the broad
Digital Payment category into smaller sections for you: Credit/Debit Cards
(most popular), Internet, Mobile Payments, Financial Service Kiosks, Electronic
Payment Network, and Person-to-Person (P2P) Payments. I am sure most—if not all—of you implement at least one of these forms of digital payments. One form that is rising in popularity is the
app geared toward payments. So many
people today (but not all of us, brave souls we are!) have Smartphones or some
sort of device that can gives its user access to their personal information and
their banking account. Almost convenient and creepy at the same time, don’t you
think? But WAIT! It’s not! Did you not read our two blogs set aside
specifically for you to be informed about all of the securities? Scroll down
and do so.
Digital Payments seem too good to be true, don’t they? Would you not think that in a handful of
years, we will completely go from cash to digital? Believe it or not (unless
you read Cynthia’s *amazing* blog from last week below), it looks like cash is
not going anywhere anytime soon. The amount of purchases and transactions with
cash outweighs the digital processes by far.
But do not completely disregard digital payments now! On the contrary!
Although cash still has the upper hand, the amount of digital payments users
continues to steadily rise. Below is a
table that lays out from 2009 to 2016 the increasing number of users
incorporating digital payments to their daily lives. Take a look!
(Lunden)
In the end, what is the point of Digital Payments? Quite simply put, it is all about you –
convenient, portable, secure, immediate, and easy! So go out, and just take yourself and your
ten dollar bills, or your Debit card, or your Smartphone with the payment
app. It’s your choice. Which will you choose?
Citation
Lunden, Ingrid.
"Gartner: Over $172B In Mobile Payments In 2012; SMS, Web Most Popular
Routes." TechCrunch. Ingrid Lunden, 29 May 2012. Web. 4 Nov. 2013.
