How Mobile Payments Revolutionized the Leisure Industry

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By Charles Perrin

Mobile payments have ushered in a wave of exciting technological developments, but for consumers, they remain the most convenient way to purchase goods and products. This has been exemplified in the leisure industry where cash has been rendered virtually redundant, and has been left trailing in the wake of the multitude of mobile banking methods that have surfaced.

But how exactly has the leisure industry been revolutionized by mobile payments? Well, we have highlighted a few payment types and explained how they have seamlessly slotted into our lives.


Zelle

Zelle

A peer-to-peer money app that allows users to send funds to family or friends, this has quickly become a go-to option for mobile payments. Indeed, Zelle has gained a lot of traction in the US, and the interface is extremely simple. Yes, you will be presented with three choices — Send, Request, and Split.

Indeed, Zelle is probably best used when dining out with friends. Rather than trying to decipher who owes what, you and your friends could use Zelle to send the share to the person who has covered the bill.

Moreover, creating contacts is eminently simple through the Send option. Unlike traditional banking apps where you might require a sort code or account number, you can just add the name or phone number of the person you wish to send money to, and the rest is taken care of.

Oh, and just remember, you won’t be able to send amounts smaller than $1. Nevertheless, Zelle is here to stay, and aside from being functional, it is pretty simple to use.


Apple Pay

At the heart of the leisure industry revolution is Apple Pay. Its importance can’t be overstated and Apple Pay has been a huge driving force in terms of making contactless payments more convenient.

Gone are the days when you needed to carry around with you a checkbook, and arguably it has been a boon for the hotel industry. For example, if you are staying at a hotel, from the moment you check in to in-hotel transactions, everything can be done via Apple Pay. It is probably one of the most versatile payment methods, and in the leisure industry, it has made things more seamless.

Not only that, but Apple Pay has made things more convenient for holidaymakers. By downloading boarding passes and other travel tickets, consumers can now keep things all in one place, and perhaps less susceptible to fraud or identity theft. There is also the eco aspect of Apple Pay. You can monitor your carbon footprint as you don’t need to print off mountains of paper. Yes, Apple Pay is only getting bigger.


PayPal

PayPal

Despite being the oldest mobile payment method on this list, it would be remiss to not state the impact it has had on the leisure industry. Fundamentally, PayPal is one of the most transparent payment providers, and with millions of accounts attributed to users worldwide, it remains one of the most trusted.

With a pent-up demand over the past few years for luxury travel experiences, PayPal has bought into the business model Buy Now, Pay Later. By doing this, it has given consumers more flexibility in terms of not being compelled to complete a purchase immediately.

Also, by lengthening the repayment period process for higher-value purchases without incurring extra interest, has alleviated some of the financial pressure for consumers.

Again, PayPal is hot on security and consumers in the leisure industry, and it is compatible with iOS and Android devices. Consumers have therefore been able to identify ways to make their money work harder for them using PayPal.


Reaching out to the gaming demographic

Far from being an afterthought, the gaming world has benefitted from the inexorable rise of mobile payments. This isn’t just restricted to consumers spending more on video games, but gamblers have gravitated more towards the use of mobile payments for gambling at online casinos.

Some quick research will draw up a plethora of operators that have pay by mobile options, including All British Casino, which offers a wide range of modern payment methods to meet the needs of its players. Not only that, but it utilizes the latest SSL protocols to ensure the financial data of gamblers isn’t exposed when they play online.

If anything, the gaming industry is heading in an upward trajectory when it comes to mobile payments, and its full potential hasn’t been reached yet.


Conclusion

From what we have seen, mobile payment methods have transformed attitudes as well as reshaped how the leisure industry works. The leisure industry is a perfect example of how it has stayed ahead of the curve in terms of providing more versatile solutions to make the lives of consumers hassle-free.

If you haven’t already tried the aforementioned payments, and you have been inspired by what you have read, then now is the time to embrace the mobile revolution.

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