Close Menu

Consultant Rates Mobile Payment Services

Advisor to the Minister of Industry Investment and Commerce, Dr. David Lowe, says that mobile payment services can facilitate commerce, by making business transactions more accessible, efficient and cost effective, especially for small businesses.

Speaking at the Mobile Financial Services Conference on Monday December12, 2011, at the University of the West Indies (UWI) Mona Campus, Dr. Lowe noted that one of the constraints facing businesses is making transactions easier and more convenient for customers.

“This is especially in sectors of the economy where micro payments prevail, as in the case of agriculture and various other micro enterprises, where the existing conventional payment instruments cheques, credit cards make it either too costly, or it is incompatible with the nature of the business,” Dr. Lowe said.

Click here for full article.

Top of Page