'OyaPay' Uses Your Smartphone Camera and Bluetooth for Payments
Michael Hemsworth — June 29, 2018 — Tech
Many consumers are shifting to wireless payment solutions to increase their ability to pay without traditional banknotes, so new options like 'OyaPay' are coming about to satisfy this burgeoning demand.
The mobile app utilizes Bluetooth and the camera on your smartphone to transfer money to merchants when making a purchase to seamlessly eliminate the need for cash or cards. Available for use in Africa, the payment solution can be used in an offline manner to increase the capability of merchants and make the process as simple as possible for shoppers.
'OyaPay' identifies how smartphones are quickly becoming the number one solution for consumers with regard to all their daily activities and how digital payment is growing exponentially thanks to hassle-free options.
The mobile app utilizes Bluetooth and the camera on your smartphone to transfer money to merchants when making a purchase to seamlessly eliminate the need for cash or cards. Available for use in Africa, the payment solution can be used in an offline manner to increase the capability of merchants and make the process as simple as possible for shoppers.
'OyaPay' identifies how smartphones are quickly becoming the number one solution for consumers with regard to all their daily activities and how digital payment is growing exponentially thanks to hassle-free options.
Trend Themes
1. Wireless Payment Solutions - Opportunity to develop payment solutions that leverage the increasing demand for wireless payment methods.
2. Bluetooth-enabled Payment Apps - Opportunity to create payment apps that allow for seamless transfers via Bluetooth, eliminating the need for cash or cards.
3. Offline Payment Solutions - Opportunity to develop offline payment solutions that increase the capability of merchants and simplify the payment process for shoppers.
Industry Implications
1. Mobile Payment Services - Mobile payment services can leverage the increasing demand for wireless payment methods and create innovative solutions like 'OyaPay'.
2. Retail Industry - Retailers can leverage offline payment solutions to increase their capabilities and provide more convenient payment options to customers.
3. Financial Technology - Financial technology companies can develop new payment apps that leverage Bluetooth and smartphone cameras to create hassle-free payment solutions.
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