|User makes purchase using smartphone. |
Source: AP Photo Erich Risberg
|Businesses are increasing accepting mobile|
payment. Courtesy: Boston Retail Partners
Although electronic payment is nothing far-fetched, today with online and mobile banking, it would not be possible without technological convergence. Convergence is not new for the cellphone. Every adaptation from an antenna, to a keypad, a touch screen, and the addition of a lens has enhanced the abilities of the once simple cellphone. It was only natural that the next phase is to integrate online and mobile banking with the well-established smartphone. A great deal has changed from the invention of the first cellphone with technological convergence at the core every step of the way.