Every year, like clockwork, we become overwhelmed with the urge to pack our bags and go away on vacation. The Koosmik team are no exception, but what uses are there for mobile payments abroad?
From flight reservations, to booking attractions, the vacation industry has fallen victim to internet disruption. This has equally had an effect on peer-to-peer payments which over the years have become faster and more convenient. A recent study on the use of mobile payment solutions abroad found that 37% of millennials and 29% of Gen Xers use various peer-to-peer payment solutions while travelling. Mobile payment solution can indeed be a useful tool for holiday makers as people tend to be more comfortable with settling a group bill when they can be reimbursed instantly and in real-time.
Koosmik decided to undergo their own study to test this theory, asking the team to share their own experiences of using peer-to-peer payments abroad. Here are their testimonials.
Céline – The Multilingual Legal expert
A week before I was due to go on holiday to San Francisco, I realised that I was a bit low on funds, I had already spent a lot of money on booking my trip and on vacation outfits. Luckily I remembered I hadn’t filled out my expenses for the past few months. After having tallied them up I was delighted to see that I had accumulated a significant amount. I sent a request via Koosmik to accounting and within minutes it was accepted and my balance was replenished. Not having to wait until the next pay check and being compensated instantly was a life saver.