5 Ways Virtual Currency Impacts Spending Habits


4. Payments Growing Incrementally

In a recent study, Mopay found that 85 percent of all virtual goods purchased via mobile payments range between 146 and 560. It was found that spending a little chunk of money online is the latest trend among many. It is surmised that this propensity to spend small amounts online will only grow to accommodate larger purchases. It is observed that games which have micropayment systems are doing well against those which are offered only in subscription form.  

5. Spurring New Payment Options

There are more mobiles than bank accounts. Mobiles helps us pay for the bus, metro, parking meters, music, games and tools that game developers convince you is necessary for a better gaming experience. When things can be easily done with your mobile, one tends to spend without much judgment. Mobile money transfers or payments are estimated to reach $300B globally by 2013.

Even young Indians love to empty their pockets on high priced accessories, apparels, eating out and mobile apps but very few assess their spending habits and spend on something significant.