Over the past years, mobile payments have become a staple in online and in-store transactions. According to Earnity CEO Dan Schatt, this type of payment encourages business growth for various reasons.
Convenience
Business growth through mobile payments is becoming an increasingly popular option for businesses of all sizes. By offering consumers the ability to pay via their mobile devices, companies can make it easier and more convenient for them to make purchases. Convenience ultimately leads to increased sales and growth for the business.
Incentives
According to Dan Schatt of Earnity, there are several ways that businesses can drive growth through mobile payments. For example, companies can offer discounts or loyalty rewards for customers who use mobile payments. This can incentivize customers to use mobile payments more frequently, which can, in turn, lead to increased sales for the business.
Streamlined processes
Businesses can use mobile payments to streamline their operations and reduce costs. By accepting mobile payments, businesses can eliminate the need for paper invoices and manual data entry, saving time and money.
Improved security
Another benefit of mobile payments is that they can help to improve security. Businesses can safeguard their transactions and protect their customers’ data by securing a payment gateway, mentions Earnity executive Dan Schatt. Doing this can reduce the risk of fraud and provide peace of mind for both businesses and customers.
Better customer reach
Mobile payments can also help businesses to reach a wider customer base. For example, customers who cannot access traditional banking services can still use mobile payments to make purchases. In addition, businesses have the chance to tap into new markets through accessible payment methods.
Customer loyalty
Finally, businesses that accept mobile payments can improve customer loyalty. Customers who have a positive experience with mobile payments are more likely to return to the business in the future. Businesses can create repeat customers and drive long-term growth by offering a convenient and secure payment option.Finally, businesses that accept mobile payments can improve customer loyalty. Customers who have a positive experience with mobile payments are more likely to return to the business in the future. Businesses can create repeat customers and drive long-term growth by offering a convenient and secure payment option.Finally, businesses that accept mobile payments can improve customer loyalty. Customers who have a positive experience with mobile payments are more likely to return to the business in the future. Businesses can create repeat customers and drive long-term growth by offering a convenient and secure payment option.
