The popularity of smartphones has been exponentially rising within the last few years and its end is nowhere in sight either as new technology is constantly being developed. We can now listen to music, take pictures and videos, access internet, and use a GPS all on one device. Are these phones soon going to be taking over our wallets as well? Certainly seems like it.
In a recent poll done by CIBC, 47% of Canadians would consider using their smartphones as credit cards. Many people already use their smartphones for online banking so it seems like using phones as credit cards is the logical next step. One simple scan of your phone and your purchase goes through. Easy as that!
Starbucks is an early leader when it comes to using smartphones to make purchases. Customers can load money onto their mobile Starbucks card and automatically pay for their drinks by scanning their phone – while earning reward stars at the same time. With the way technology is changing, maybe next time you forget your wallet at home it won’t even matter!
Article: Canadians ready to use smartphones like credit cards
I really disagree with your recent article on “Smartphones Soon To Take Over”. I strongly disagree that my 69 year old father and 101 year old grandmother will have the ability to navigate through a highly digitalized binary calculator in the name of a smartphone to pay for their weekly prescription drug. They traded with shells back in the old days and do not own credit cards currently. Dealing with money is their only chance of exercising their brain by figuring out simple addition in their head. Do you really want an aging population of Alzheimer patients?