Spending JPAY at Magok: Part 1
All we need is JPAY
Across the globe, financial institutions such as banks are closing down cash machines and offline branches. To my understanding, it is very important that we have a clear perspective on why this is happening around the world. Ultimately, the aim is to lower the costs or to boost profits. Maintaining branches requires staffs and hence fixed costs. Those institutions must have come to a conclusion that self-serviceable mobile applications would be more appropriate for them to speed up the process and benefit their customers. So, is mobile payment service the next step for the future? Today, we’ll take a look at the JPAY platform and find out whether this statement is true, and recommend you with another option to consider.
First of all, a cashless society might sound like something that is almost unachievable. However, the truth is that we’re on our way. As I’ve discussed already, the financial and government institutions are moving towards it and making structural adjustments to adapt. This is only the beginning. On the other hand, we need some concrete reasons to believe that it is the right path to encourage mobile payment. At this moment in time, I say that it is correct with all the benefits it can provide. Mobile payment methods solve the problems for privacy and online-security. However, the most important concept is that it is a very convenient way of making payments as the process itself is much faster and less complicated. Now anyone can make experience payment anywhere at anytime with their personal mobile devices as long as connected with internet and downloaded the application. We, as consumers, all desire for a quick and trustworthy system, and here is one for you.
Regardless of the industry or size of businesses, merchants from around the world are embracing mobile payment method. The benefits are loud and clear. The other day, I had a chance to stop by at Magok which is one of the fast-growing business cities in South Korea. While I was there for a meeting, I stopped by at a restaurant to spend my JPAY Silver. I was lucky that I had already had some JPAY Silver in my mobile wallet and a gifted coupon to use.
The restaurant had wonderful service and food. My colleagues and I enjoyed it very much. As you can see in the pictures below, we used the JPAY mobile application to pay. To tell you the truth, the JPAY platform is convenient for both customers and restaurants. We can clearly understand that a simple process will certainly help us to make our lives easy and convenient, but how does it benefit the restaurants? Well, that’s because there will be no extra charges or payment machines required to be a part of JPAY ecosystem. The benefit of such method eliminates the need for them to purchase expensive equipment, and instead has been replaced it with a simple application. It also reduces the cost of printed cash and receipts. Once the payment was confirmed which only took seconds, I had a chance to talk to the owner of this restaurant since I was there already. He said that “there is an increasing number of customers who ask us if they could pay with JPAY Silver.” It is obvious that more and more people are making the use of JPAY platform. It means that people are searching for every opportunity to obtain JPAY Silver from various sources including a game, J-Farm. I was so glad to find out that those restaurants were benefiting from using the JPAY platform.
One thing to point out is that JPAY acknowledges the downside of using mobile payment as well. Despite the fact that the customers want to use something more convenient and comfortable, most people would still choose to use credit or debit cards in making a payment. It is not enough to say that only time would solve the problem. So, what has the JPAY platform been doing? We’ll provide customers a card to swipe or insert wherever they go. Please wait for more updates on this issue as this will create a huge attention from a lot of people.
Mobile payment services and wallets like Apple or Samsung Pay provide a secure and cashless system. The JPAY platform is in this journey together. In both developing and developed countries where the distribution of mobile devices is high, the use of such payment method is alarmingly significant. While fully appreciating the trend in the payment industry, JPAY is always looking out for more opportunities. There will be further announcements made regarding mobile payment system and card services that we’ll provide. Now, more and more shops are offering their customers to pay with their mobile devices. It’s a win-win situation where both parties can benefit. This will most likely increase revenue and user experience. Figuring out and responding to this trend is nothing but the most important choice for retailers.
※ For more information about JPAY Platform, please visit our website at https://jpayplatform.com/
