What are the positive impact of the evolution of payment processing?

[Alvin Chan]

The improvement of payment processing has pros and cons. Primary pro is that consumers opted no to bring a big amount of cash in buying goods in a physical store. Cons, not all stores have the means to add different kinds of payment processing.

I really like the option that I don't need to bring my wallet always, As long as I have my phone with me I can pay for my goods.

 

[Gerald Evans]

The evolution of payment processing made transactions faster. For example, if a consumer wanted to buy online they have an option to pay it using a credit card, debit card or any online wallet. It also avoid physical contact, because delivery staff may leave the parcel at the doorstep of the buyer.

 

[Peter Yezzi]

Businesses can now offer faster, more convenient services to their customers, while also benefiting from reduced overhead costs, better cash flow, and improved customer engagement.