A report by ABI Research shows that countries like Singapore, Dubai and London are racing to implement connected infrastructure, testing the latest in smart transportation and energy systems to become one of the first actual “smart cities.”
But before these countries introduce features like self-driving transportation or self-sufficient solar power sources, they must be sure that citizens are ready to use simple IoT in their day-to-day lives.
Mobile payments is the perfect way to ease users into smart city technology and will be essential to lasting innovation.
Mi-Pay Group plc (LON:MPAY) is a United Kingdom-based company, which operates in the cardholder-not-present payment solutions market with a focus on assessing, managing and mitigating fraud risks. The principal activity of the Company is to deliver outsourced on-line and related payment solutions to digital e-commerce clients, primarily in the mobile sector, enabling them to monetize their on-line proposition.