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Mobile Payments Changing Consumers Idea of Paying Bills

Posted on the 07 May 2015 by Devender Singh @DevenderSingh93

Ten years down the line, people had to go to their nearest payment center for paying their bills. They had to queue up in long lines and wait for hours to finally clear their dues. However, then came internet banking that changed the idea of paying bills forever. One could now easily pay his/her bills online over the internet while sitting comfortably at their home.

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But, with the recent advancements in smartphones, a new type of payment method has taken birth and that is mobile payments. People can now pay their bills from anywhere by simply accessing their account through sophisticated mobile applications on their smartphone.

Benefits of Paying Bills Using Mobiles

Getting an online mobile recharge and paying your bills through mobile payment gateways has its own perks. Following are some of them:

  1. One can make a payment through mobiles from anywhere. Paying for a Tata Docomo online recharge and other household bills is extremely easy and can be done even when you are out through mobile applications installed on your phone.
  2. Nowadays service providers of mobile payment applications offer their customers a variety of discounts and cash rewards for using their applications for paying their dues. So, eventually, one doesn’t just pay his/her bill but also gets lots of benefits for the same.
  3. Paying bills through mobiles is also considered much safe and secure than conventional internet banking options. Nowadays, companies have really beefed-up the security measures on payment applications that allow people to pay for online mobile recharge and other services in a safe manner.

Common Mobile Payment Methods

Consumers nowadays are readily shifting to mobile payment platforms for paying their bills and getting a Tata Docomo online recharge. Some of the most common methods of paying through mobiles are:

  1. Mobile Wallets – Mobile wallets are basically applications of service providers installed on your phone that allow you to access your account details and make payments to merchants for their goods and services. Mobile wallets are a much more useful form of digital wallets. While digital wallets can be accessed only on sites and at home, mobile wallets can be taken anywhere and have much better security features. This kind of payment method is probably the most popular amongst all mobile payment methods right now.
  2. Mobile Card Readers – This is another innovative concept of paying the bills using mobiles. Card readers are usually found in retail shops and big food outlets; however, this new concept can help small businesses earn money from customers who run out of cash but need to pay on the go. These little card readers instantly attach to the smartphone and then the applications of the service provider can be used for making a payment of your bill.

The growing trend of paying for goods and services among customers through mobiles is mainly because of the convenience and ease of utility these payment methods have to offer. Soon enough a time will come when mobile payment applications will replace all conventional methods of paying bills.


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