Consumers' mobile payment habits 'might change'
Pay as you go might be a preferred option for more people who previously opted for contracts, one industry expert says.
Matt Hatton, principal analyst for Analysys Mason, said this week that while the mobile phone industry is generally seen as "recession-proof", the ongoing economic climate might alter consumers' payment habits.
Choosing pre-pay methods rather than a standard monthly contract could be one of the changes afoot for many users, he said, although it is unlikely people will give mobiles up altogether.
This is because they are "so ingrained" in daily life that there are other outgoing that are likely to be given up before mobiles, Mr Hatton added.
He concluded: "The mobile phone industry will actually ride the recession reasonably well."
Those who want to change their handset as well as their payment plan might consider recycling their mobile phone and receiving cash back to put towards a new model, which can be topped up using pre-pay credit.
Sell your old mobile phone now
© Adfero Ltd.