Security, speed and control in our transactions.

In 2020, the rise of new digital technologies as a means of survival and adaptation to the pandemic crisis became evident. Thus modifying the financial habits of more and more people worldwide. According to a Capgemini study, the use of tools such as digital wallets and the adoption of cashless cards increased 35% and 41% respectively. Some of the reasons for this increase were due to its practicality or convenience, speed and security in transactions, among others .In addition, mobile payment methods that increased their use during this pandemic context include the following:

Source: Capgemini, World Payments Report, 2020 As can be seen, there is a clear percentage increase in other payment methods that have worked as alternatives to cash payment. At a time when avoiding physical contact is critical. Perhaps, the most important question at this moment is: What advantages do these new financial technologies offer me?. First, it is important to consider that each of them are developed in different ways. With different functions and alternatives for each need and user. Overall, the 5 main advantages they offer are the following:

Cost segmentation and control We can have absolute control of our money. Today, it is possible to monitor each of our movements in real time. It also allows us to intelligently manage our budget from our mobile phone.

Pay anytime, anywhere The mobile phone has become an indispensable device in our lives. With the new financial technologies we can access our applications whenever we need it in an agile and simple way. Without having to move to financial institutions so you can save time in long lines. Security of transactions Through these new payment methods, you can better track transactions. It prevents the disclosure of banking information and can be prevented from being victims of fraud.

Keep the distance The pandemic is a global reality, from which it is not known when the “new normal” can be returned. That’s why contactless payments provide safe alternatives to your health. Through various options that allow you to make your transactions without having to leave home and thus maintain as little contact as possible with other people.

Save time Time is one of our most important resources. With new alternatives to financial technologies, the ease and speed of transactions is increasing.

These are just some of the benefits that technological innovations have generated over the past year. There is no doubt that as the months go by we will see more and better alternatives to simplify our lives. For now, it’s time to take advantage of these new payment options to see your benefits. While we look forward to the technological advances that will bring us in 2021