Digital Payment: A Revolution In Shopping!

Innovation and creativity brought by the technological transformation we are experiencing has already redefined the way we handle our purchases, mainly because of digital payment methods. This sector is even more important now and in the post-pandemic , showing a strong trend in USA, Canada and in the world.

The act of shopping was already changing. However, the digitalization of payment methods has been faster and faster as new resources come into our hands.

In this article, Steve Hoffmann will tell you how digital payment is revolutionizing the way we shop.

What is digital payment?

For a long time, paper money was the main means of payment. Then, we started to use other ways to deal with money and make purchases, such as check, bank slip and plastic cards. Even today, paper money and cards exist, but more and more new ways of buying, selling and dealing with money are emerging in general.

Thus, digital payment is a means of making payments without using anything physical. You no longer have to carry money in your wallet, or rely on a plastic card to make any transaction. Everything can be done by digital means and software that you find on your computer, cell phone and even devices like smartwatches.

“Connectivity and the Internet of Things are engines that have driven digital payment methods.” –  Steven Hoffmann

Why are digital payment methods trending?

The money is already being extinguished in different parts of the world. After all, it is expensive to keep paper circulating, and its durability is not the best. Furthermore, it is not always practical or even safe to carry notes and coins around. At the same time, plastic cards can be stolen, stolen, lost or broken, and also require replacements. For this reason, digital means of payment were already expected and necessary.

In addition, with the pandemic it was necessary to implement social distance and, mainly, to avoid forms of contagion. One is to avoid the contact generated by exchanging money, cards, passwords that need to be typed on machines and much more. All of this is avoided with digital payment methods that are available in many different ways. See some of them below.