Paying for products or services is something that is part of people's daily lives. Thanks to the advancement of technology we have several digital payment methods that, in addition to providing greater security, democratize banking. It is in this scenario that new technologies are firmly positioned within the trends to make payments through mobile devices.
In recent years there has been much talk about the transformation of digital payments and how they become widespread, considering that the use of cash is less and less practical and more insecure. This evolution has experienced a boom in the Asian continent, specifically in countries such as China and India, where phenomena similar to those of our country are observed: a low level of bank customers and a high penetration of smartphones.
According to the Superintendence of Banks and Financial Institutions of Chile (Sbif), in our country the bulk of the adult population (97%) has access to some financial product. However, only one third of them have simultaneous access to credit, savings and cash management products.
As a way to change this situation, prepaid credit cards emerged strongly some time ago. Prepaid cards democratize the purchase, have a low risk of fraud and to some extent, contribute to the reduction of plastic. Today all companies are enabled to launch a prepaid credit card to the market with a focus on banking all those who do not have bank cards and are somewhat foreign to the market, says Carlos Hermosilla, deputy manager of Outsourcing of Business Processes Adexus
THE FUTURE OF THE PLSTICO: TOWARDS PAYMENT MVIL
From the international consultancy IDC, they point out that the bank is implementing and adopting digital skills for the delivery of better and greater services for its clients, among which the integration of new technologies and the positioning of the smartphone as a payment instrument as effective and usual as debit or credit cards.
The transition to mobile payment means is a reality given by the movement of people to online platforms as well as the incorporation of smartphones, cell phones and mobile devices in general. This has led to the adaptation of banks and the search for new products and personalized services through multiple channels. Especially the use of the smartphone is taking great power with Near Field Communication – its acronym in English NFC – or near field communication, is a wireless communication technology, short range and high frequency that allows the exchange of data between devices, or with the use of QR code, two-dimensional square bar code that can store the encoded data, to allow face-to-face contactless payment.
Some of the technologies that are incorporated into mobile payments are Near Field Communication or known by its acronym in English as NFC. Its technology allows short distance communication between two electronic devices wirelessly. There are currently many brands, banks and organizations that have incorporated it into their business model, which has resulted in significant advances in contactless and mobile payment methods based on this technology, explains the Adexus executive.
Another payment method highlighted by the executive is the QR code. When they were released, it was difficult to imagine that it will be possible to pay with QR codes. Thanks to technology, they have evolved into a secure, simple and fast means of payment, which allows the customer to make a purchase without the need of a card or cash, he points out.
It should be noted that the unstoppable growth of electronic commerce also acts as a dynamic element of digital transformation, since it necessarily leads to new forms of online banking and the omnichannel of payments. parallel credit or debit cards will continue to be the vehicle of purchase par excellence in the network.
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