Times are changing rapidly. People now days prefer buying stuff online rather than going out to a physical store and actually making their purchases. So whether it is your pizza or some groceries you want or may be even your favorite gadget, everyone now prefers buying stuff online which is delivered to your doorstep.

This trend has lead to the payment being made through mobile payment services especially in India through payment services like Paytm and Freecharge which offer huge discounts on your purchases through their virtual wallets and even on bill payments, travel bookings, mobile recharge etc. The idea is simple: You just need to add cash to your digital wallet in these payment apps and later spend this cash while making payments and in return you get huge discounts and cashback. This is leading to more people making payments through these payment services rather than going to stores and making payment through physical cash.

So the debate today is, Are these mobile payment services the new way of the future. And will these payments reduce or eliminate the need to carry physical cash.

 

Times are changing rapidly. People now days prefer buying stuff online rather than going out to a physical store and actually making their purchases. So whether it is your pizza or some groceries you want or may be even your favorite gadget, everyone now prefers buying stuff online which is delivered to your doorstep.

This trend has lead to the payment being made through mobile payment services especially in India through payment services like Paytm and Freecharge which offer huge discounts on your purchases through their virtual wallets and even on bill payments, travel bookings, mobile recharge etc. The idea is simple: You just need to add cash to your digital wallet in these payment apps and later spend this cash while making payments and in return you get huge discounts and cashback. This is leading to more people making payments through these payment services rather than going to stores and making payment through physical cash.

So the debate today is, Are these mobile payment services the new way of the future. And will these payments reduce or eliminate the need to carry physical cash.