The development of technology in the digital era as it is today is growing faster from day to day. Indirectly, the use of this technology has increased sharply. With the increasing development of technology that is getting faster. This technology has an impact on many fields, but what are the impacts of technological development on money? These are the effect of technology development on money based on the Balance.
Cash Back Transactions Increased Instead of Coupon Use
Cash Back Transactions Increased Instead of Coupon Use. The concept of cash back services is you will get money back after you complete certain transactions.
This is very different from coupons, where customers get the benefits before they make a transaction.
Nowadays, many millennials rely on micro-investment. It makes them only need to invest a small amount of money. Yet, they often achieve their financial goals in the future.
Micro investment allows potential investors who have minimal capital to invest and get benefits for the investment they make.
Not only that, because the development of investment technology is amazing by the invention of applications and procedures which is 100% online.
Bank Rarely Visited
Nowadays, you will rarely see millennials coming to the bank, unless they only want to take cash using an ATM or work there.
The preferred method is due to technological developments, namely mobile banking, which allows every financial transaction to be carried out more quickly and easily.
Based on research, around 75% of millennials rely more on applications mobile banking to send money, check balances, and pay bills.
Read also:5 Ways to Get Used to Investing