According to the experts, mobile payment technology has got the power to eliminate many shortcomings being faced by the contemporary monetary system across the world.

The heavy wallets as well as the credit cards, which are majorly dependent on bank transactions, somewhere fall down the line when we talk about speedy dealings.

This new payment technology will benefit not only consumers but also retailers. It will also give consumers access to portable system of business modulation that has the capacity to mobilize rural populations.  

Mobile payment technique is speculated to be the futures of business sector.

(JPN)