The future is electronic payments: from cash to smartphone payments

October 24, 2019

These days on TV we hear constantly about the fight against cash that our politicians would like to implement. It is believed that the terrible scourge of tax evasion can be fought by reducing the use of cash in favor of traceable forms of payment. It is therefore assumed that an ever-increasing number of Italians will begin to use electronic payments in the future.

Beyond political issues, we must admit that the future belongs to electronic payments. Our country is certainly very conservative in this regard, but we cannot ignore the advantages of these new payment methods for much longer. Many European and world countries have understood the importance of electronic payments for years: now it's Italy's time and if you run a business you'd better be prepared for the big change.

The advantages of electronic payments

Electronic payments are both a blessing and a curse. The more traditionalists, who are tenaciously attached to cash, see only disadvantages, such as that of not being able to have a real perception of money when they pay by card, resulting in spending without realizing the actual amount of money that is going away. In reality, this problem can be overcome by changing one's approach to money. For example, keep Expense and income statement Using one of the many smartphone apps that allow you to do so is a more effective way to keep track of your money.

On the other hand the future is electronic payments because the advantages far outweigh the disadvantages. Just to name a few, our money is more protected from the risk of theft. Carrying large amounts of cash in your wallet exposes you to serious risks. Keeping large amounts of cash at home is equally dangerous. A debit, credit or prepaid card is not very attractive to potential thieves, who cannot use it too easily. And even if they did, we can always block it as soon as we realize we have lost it, making it effectively unusable.

And we want to talk about the usefulness and safety of electronic payments while we travel? There are now cards that eliminate withdrawal and exchange fees even in currencies other than the euro and using them during a trip abroad allows us to save on the hated exchange commissions.

But even cards now seem to be outdated, in fact more sophisticated payment methods are becoming more and more widespread. Through your smartphone, an object that has become fundamental in our lives, we can easily pay through Apple Pay or Google Pay, even leaving the ATM at home. And this is where it comes into play the advantage of convenience. In an increasingly chaotic world, technology makes our lives easier.

If you have a business you should be prepared

Electronic payments are exploding in Italy for several reasons. On the one hand, new generations are increasingly inclined to recognize its advantages and determined not to do without it. On the other hand, there will soon be a strong political push for the use of electronic payments to try to solve a problem that heavily plagues our country: tax evasion.

If you run a business you have to be farsighted and always look to the future. And our future is running fast since technology has accelerated the race. Staying anchored to the past is harmful to your business, so the best favor you can do yourself is to try to always keep up with the times. And the issue of electronic payments is a very current topic, which will heavily influence our immediate future. Don't be caught unprepared.

Are you also convinced to enter the world of electronic payments? Pizero Design can help you. In fact we can make for you E-commerce e App that integrate technologically advanced and secure payment solutions such as Paypal, credit cards, Apple Pay and Google Pay. Contact us for a quote.

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