With the launch of Apple Pay, there is much excitement about mobile becoming the source of payment processing going forward. The fact that Apple Pay has not come to India has not left Mobile payments too far behind in India. Several companies like OlaCabs and Taxiforsure have been creating mobile wallets of their own on their applications to make it possible for their users to be able to pay through the application for the services that they consume. Each of them currently offer a wallet, where one can store money and spend as the necessity arises. In my opinion, the wallet approach taken by each of the companies is not right This is primarily because people do not like managing too many wallets simultaneously. Its painful and tedious. Also, people love to have choice of service. Loading up cash on one wallet means I am tied to that service unless one is willing to manage multiple wallets.
Apps will become the orifice for all payments
Apps will become the orifice for all payments
Apps will become the orifice for all payments
With the launch of Apple Pay, there is much excitement about mobile becoming the source of payment processing going forward. The fact that Apple Pay has not come to India has not left Mobile payments too far behind in India. Several companies like OlaCabs and Taxiforsure have been creating mobile wallets of their own on their applications to make it possible for their users to be able to pay through the application for the services that they consume. Each of them currently offer a wallet, where one can store money and spend as the necessity arises. In my opinion, the wallet approach taken by each of the companies is not right This is primarily because people do not like managing too many wallets simultaneously. Its painful and tedious. Also, people love to have choice of service. Loading up cash on one wallet means I am tied to that service unless one is willing to manage multiple wallets.