UK's future of finance is digital and Samsung Pay is helping the transition

Last updated: November 3rd, 2020 at 15:18 UTC+01:00

An increasing number of people in the Britain are more willing to rely on digital payment solutions rather than cash, and more than l% of Brits are looking for newer, simpler ways of managing their finances. This is co-ordinate to a recent survey commissioned by Samsung Pay, revealing that the COVID-19 lockdown period was one of the main driving forces behind this shift in consumer mentality.

According to the survey, 46% of Brits are more willing to perform digital payments at present than they were before the COVID-xix lockdown period. Likewise, 42% of survey participants claim to have too many cards in their wallets and 45% are looking for ways to avert using cash. 31% of Brits are at present reportedly making payments using mobile payment solutions, and of course, this is good news for Samsung Pay.

70% of people living in the Uk desire a unified payment solution

One of the biggest advantages offered by Samsung Pay is that it can bring all the user'south cards and banking company accounts together in one easy-to-manage place, i.e., the mobile Samsung Pay mobile wallet. The survey reveals seven in ten people believe that such a unified solution is a game changer.

Not only is Samsung Pay making finance managing easier but the platform rewards customers through diverse programs. And with the Go Dorsum in Time functionality, customers are able to retroactively move transactions between different cards. Samsung Pay was released in the United kingdom of great britain and northern ireland in August in collaboration with Curve.