The future of mobile payments in government

Written by Gcn
  • Gcn
  • 3 years ago

The addition of near-field communication (NFC) chips to Apple’s iPhones and Watches opened the doors for broad-based deployment of the technology, which enables smartphones to exchange data with retailers’ contactless readers, moving us closer to a world in which credit cards are resident on our mobile phones, rather than in our wallets.

And with mobile phone subscriptions worldwide approximately equaling the number of people on the planet – about 7 billion – it’s not much of a stretch to forecast that mobile phones will become the world’s primary financial transaction platform – even for government payments  – in the not-too-distant future.

For government agencies, mobile payment will be a significant development on several fronts, in part because it will increase convenience and efficiency for both citizens and the agencies themselves.

Mobile payment readers someday will be commonplace in government offices, such as department of motor vehicle locations, where people will use their mobile devices to pay for license renewals.

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