It has been asked time and time again when will the world be privy to a true mobile wallet. This wallet would be able to be used in any country around the world and users would have no hassle when using it. It seems almost backwards that we live in a time where over 180 currencies are used whereas during more ancient times there used to be a global currency of gold coins. These gold coins were used in a variety of countries in exchange for silk, spices, etc. Years later, the world is trying to get back to the place where they can be on the same track and again and use similar currency to make payments across the world. Will this ever happen? According to an article in Forbes magazine, physical money will be around for another 200 years. However, that doesn’t mean that the digital version of the currency cannot be created. Hence, the cry for a mobile wallet that can penetrate across all platforms.
Applepay, Samsung pay, and Google pay are platforms that have been created to try and help solve this problem. Although these platforms are mobile wallets, they require the use of credit/debit cards to store in the wallet. Also, not every store, whether online or in-store, has the NFC technology to be able to use it. PAYTOO, however has been a platform that has the potential to reach those who do not have credit/debit cards and works only with cash. PAYTOO does not work with NFC technology, but uses QR codes instead, which is a cheaper solution for in-store and online. PAYTOO has the potential to reach everyone around the world and offers cheaper solutions like free wallet to wallet money transfers. In a world that is crying for a global wallet, there is one right in front of their eyes. To learn more visit www.paytoo.com
Hey! Visit this cool article about mobile wallets: http://www.forbes.com/sites/valleyvoices/2015/07/15/how-smartphones-will-become-the-global-mobile-wallet/