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Quiz time - True or False!

FUTURE OF PAYMENTS

Hero quiz future of payment 2 Hero quiz future of payment 2 Placehoder

How much do you really know about payments? Take the quiz in order to find out. Whether you're a pro or a newbie in payments, we guarantee that you'll learn something new.

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Claim: Cash will stay as main payment method.
FALSE

It is estimated that handling cash will soon be non-profitable in the Nordics and eventually it will end. This will probably take place in less than 20 years.

Claim: Sales increases with mobile payments.
TRUE

In a modern world where everyone uses their phones all the time, it is the most convenient device to pay with. By offering a mobile payment as a method, merchant’s sales will increase both online and in-store.

Claim: You can purchase with your voice.
TRUE

Virtual assistants, such as Apple’s Siri or Amazons Alexa, are making this possible already, but only for fraction of their users. It takes time for people to start using new payment methods and when it comes to voice purchases, many worry about security. People hesitate if their voices will be misunderstood and the purchase goes wrong. Still, it is estimated that this will develop significantly within the next few years.

Claim: Card payments are safer than cash.
TRUE

One of Bambora's goals is to make payments as easy as possible for both our merchants and their customers. That is why we make a full research on the businesses we onboard as merchants, to secure the end customers payments, and monitor the merchants payments to protect them from fraud.

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  • Claim: Cash will stay as main payment method.
    False
  • Claim: Sales increases with mobile payments.
    True
  • Claim: You can purchase with your voice.
    True
  • Claim: Card payments are safer than cash.
    True

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