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The Impact of Mobile Payments on Spending Behaviors
Manage episode 423765027 series 3474376
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This story was originally published on HackerNoon at: https://hackernoon.com/the-impact-of-mobile-payments-on-spending-behaviors.
Explore how mobile payments are changing spending behaviors with insights into convenience, impulse buying, and financial management.
Check more stories related to finance at: https://hackernoon.com/c/finance. You can also check exclusive content about #finance, #mobile-payment, #mobile-payment-apps, #spending-behavior, #digital-transactions-effects, #am-i-overspending, #the-impact-of-mobile-payments, #risks-of-mobile-payment, and more.
This story was written by: @devinpartida. Learn more about this writer by checking @devinpartida's about page, and for more stories, please visit hackernoon.com.
Mobile payment apps influence your spending habits on a psychological level. When buying something becomes easier, you’re less likely to give the purchase a second thought. Using a device like a phone or smartwatch increases your odds of buying something. In time, they could all but replace credit and debit cards.
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