Danish mobile phone use cuts cost of P2P payments
Widespread adoption of technology fosters more efficient operations
Mobile phones offer the best platform for person-to-person payments, says research conducted by the Danish Payments Council.
The widespread adoption of this technology is one of the main reasons behind their effectiveness, says the council, which was created in 2012 by the National Bank of Denmark to foster collaboration on retail payments.
“There is reason to believe that the new, more convenient P2P payment methods will increase the number of payments. The launch of mobile payments in recent
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