When it comes to the adoption of new digital payment technologies, there are a couple of barriers that stand in the way for some consumers, despite their desire for the convenience of transacting online.
Many Canadians are reluctant to expose their core financial information to digital apps, particularly in an era of increasing security and data breaches. Others are members of the “cash economy”, including those who simply prefer to pay with the funds they have on hand, or those who may be underserved by traditional banking services.
Payment Source’s in-person account funding service solves this problem, allowing consumers to experience the benefit of a digital wallet purchase utility without requiring a leap of faith in the new technology or its providers. Customers can load their wallets at any one of over 6,000 nationwide Canada Post locations using cash or debit and immediately use it to make payments. Through the use of QR code technology, loading a digital wallet account at a retail location is convenient, fast and secure.
Providing these alternatives can make it easier for “digitally nervous” consumers and those underserved by traditional banking institutions to adopt your digital program.
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