Cashless payments eliminate the hassle of dealing with exact change. Users can make transactions with the exact amount without worrying about carrying small denominations or receiving coins.
Digital payment apps make it easy to split bills among friends or colleagues. Users can quickly and accurately divide expenses without the need for complex calculations or exchanging physical currency.
Cashless payments are essential for online shopping. They provide a seamless and secure way to make purchases from the comfort of home, with various payment options such as credit/debit cards
Many digital payment methods allow users to schedule automatic payments for recurring bills. This feature ensures timely payments without the need for manual intervention, helping users avoid late fees.
Contactless payment methods, like NFC-enabled cards and mobile payments, provide a quick and secure way to complete transactions without physical contact with card readers.
Many cashless payment apps allow users to set up customizable spending alerts. These notifications help users stay within budget by providing real-time updates on their spending activities.
The common inspiration that connected our two founders was their passion for DISRUPTIVE INNOVATION. Both had, in their respective spheres of earlier work, endeavoured to provide new solutions to address age-old problems.
The “Assistance Control” project was inspired by the basic idea of the “Bologna Process”, a Pan-European collaboration which started in 1999, to adapt technology to provide a better quality of education that would allow improvement of the next generation of classroom teaching.
The best project finally chosen and tested involved students registered for classes with NFC phones, during the academic year 2011–2012 at “Universidad Pontificia de Salamanca, Campus Madrid” (UPSAM).
This resulted in the senior students at the School of Computer Engineering to certify 99.5% accuracy and ease of attendance that ensured continuous assessment without loss of instructional time allocated to this activity.
Source : Science Direct Volume 40 Issue 11, 1st September 2013, Pages 4478-4489
