Impact of Mobile Payment Solution On The Logistics Industry

Impact of Mobile Payment Solution On The Logistics Industry

It is undeniable that a lot has changed since the coronavirus pandemic and lockdown. But not all was bad. The lockdowns allowed people to slow down and take a small break from the everyday hustle and bustle. A sector that saw a sudden growth during this phase is ecommerce and mobile payments solutions have been on a rise in the last 2 years. 

But how have mobile phones transformed the ecommerce and logistics industry? Let’s take a look – 

Mobile Payment Solutions – Transforming The Logistics Industry

The mobile phone is one of the most prominent companions of humans nowadays. one can find anything and everything over the phone with a single tap. 

From the perspective of a logistic company, the modernization of the payment method has played a very influential role in the efficiency and management of logistics companies in India. 

A wide range of firms is using mobile-friendly payment methods suitable and adaptable as per their organizational needs. Platforms such as Phonepe, Paytm, Gpay, Razorpay, etc., have raised their stakes over such industries within a low amount of time. Logistic companies have started using mobile payment solutions to complete transactions, which earlier would include agents, multiple visits to financial institutes, etc.

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The improvements and boom of mobile payment solutions have helped the logistics companies in the following ways – 

Browser-Based Payments

An increased rate of browser payment initiated by various companies is to be said to provide a seamless, far more efficient, and quick method to complete transactions in a secure form. Browsers can store transaction details for quicker processing in the future. Browser-based payment is very convenient as the user doesn’t even need to change to another page for further processing that is why it encourages the logistic companies to switch to online mode instead of cash. 

Mobile App Payments

Mobile app payment is one of the most common and quickest methods of payment optimized and utilized by users. User data is protected with end-to-end encryption. Almost every logistic company in India has started using the mobile app payment and it is effective for both small and medium-scale logistics companies in India. 

Mobile Credit Card Readers

Mobile credit card readers are fairly new in the Indian market but they have been growing at a steady pace. The mobile credit card reader has been optimized by a handful of reputed logistics companies in India which indicates a bright future for these devices.

Mobile Wallets

Wallets are also provided by a variety of applications available over the internet that helps in a quick payment over the small, medium, or large scale. Usually, such wallets provide amazing cashback and saving offers to the users for their regular app usage. The small logistic companies in India use the mobile wallet to maximize their working efficiency and open the chain of their logistic companies for a wider audience.

Enjoy a smooth and seamless shipping experience with iThink Logistics

iThink Logistic has solutions to all your logistics needs. We assist all the functional activities related to logistics and shipment in one go. Our amazing team aims to serve small and medium logistics companies outgrow with their competitors and achieve their desired goals in the same market as the big bulls. 

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