How Online Payments Changed our World and our Habits

Online Payment
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Payment processes and experiences evolved during the last decades, and thanks to different technological innovations, people from all corners of the world changed the way they behave when it comes to making transactions.

Until recently, cash was the obvious and preferred method of purchasing anything and everything, but with the emergence of safe and convenient electronic options, shoppers are quickly changing their attitudes.

Therefore, let’s take a look at some of the areas where online payments caused the biggest changes.

Shopping Online

Instead of taking their time to go to physical stores, people are getting more and more attracted to large e-commerce sites like Such platforms are filled with an amazing variety of product categories including apparel, cosmetics, home appliances, car parts, and many others.

As a buyer, all you need to do is visit a website of your choice, search for the items you need, and place an order on the web.

Even though it can happen that the delivery takes some time since it depends on many different factors, internet shopping saves you a lot of time long-term because you no longer have to go from one store to another, looking for interesting products and attractive deals. 

Gaming and Entertainment

Gaming has been one of the favorite pastimes for many people in the world, and for many of them, there is hardly anything that can match the thrill of reaching a new level, starting a new sequel, or getting some special features that the other players may not have access to.

Whether it’s just buying additional game components that can help you boost your progress, or purchasing whole new game titles, online payments have transformed the accessibility to gaming at its finest. 

On top of that, it has also changed the gambling industry and the way online betting sites take care of their customers.

According to the latest betting guide in South Africa:, safe and reliable betting sites allow users to make deposits and withdrawals using a wide range of web-based payment methods including e-wallets like Neteller and Skrill.

Moreover, today’s betting sites also support the use of cryptocurrencies which is a huge step toward innovation. 

Paying the Bills

The times when you had to wait in lines for hours in order to pay the bills are also long gone. Nowadays, the majority of countries employ systems where you can get the bills in your email box, and pay them in seconds using your credit card.

This way, you don’t only save valuable time, but you can also save a bunch of money by getting rid of unnecessary fees. In addition to that, even the government benefits by receiving the tax money much faster than they would with traditional payments. 

Some of the Ways Technology Impacted Payments

Electronic transactions affected both shoppers and businesses from many different industries, and these are some of the leading innovations that occurred recently:

Biometric Payments

The development of the technology of biometric transactions has gone through many different phases, and now it can be used in several forms. For instance, one of the most common forms today is phone-based where users can authenticate the payment information transfer to the proper terminal by using either a fingerprint or a facial scanner installed on their smartphones as they checkout.

Other useful non-phone options involve additional hardware that a merchant can use to capture the required biometric information that can be used for authentication.

QR Code Transactions

QR codes have been present for quite a long time, and people used them for all sorts of things including couponing, advertising, and even reading restaurant menus. However, using QR codes to make transactions was not a common practice until a few years back.

The method is already well-developed in Asia and some other regions where merchants successfully create static and dynamic codes. As for North America, the practice is still in the early stages of development. 

Contactless Payments

Contactless payments have been commonly used in Europe and Canada for a while now, and lately, they’ve been finding their way to US customers, mostly thanks to the use of mobile wallets like Google Pay and Apple Pay where the users can conveniently make purchases by tapping their phones.

Besides the speed, one of the main advantages of contactless payments is definitely security, especially if you decide to use a mobile wallet developed by or any of the leading tech companies that use biometrics authentication.

The way we finalize transactions nowadays has changed tremendously, and tech providers continue to find ways to improve the innovative processes of electronic payments. The advances in web-based payment technologies impacted the operations within many industries, as well as the overall customer habits, and we can’t wait to see what the future changes will bring.

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Paschal Okafor is NaijaTechGuide Team Lead. The article How Online Payments Changed our World and our Habits was written by NaijaTechGuide Team. The article was last modified: December 15th, 2022
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