Internet of Things to change retail and payment
PETALING JAYA, Sept 2 — Internet of Things (IoT) has the potential to revolutionise retail and payment eco-systems as consumers move away from traditional payment methods to e-payment via applications on their mobile phones.
Malaysian Communications and Multimedia Commission (MCMC) department of digital lifestyle and society director John Tay said consumers can tap and get more information about products before buying and only need to scan, wave or a few clicks via mobile applications when they intend to make a payment through their phones.
“This technology will make shopping cashless, hassle-free as consumers do not need to bring cash. It can ...