Glossary

Mobile Payment

Mobile payment refers to the process of paying for goods or services using a mobile device, such as a smartphone or tablet. This modern payment method leverages mobile technology to provide consumers with a convenient and often more secure alternative to cash, checks, and physical credit cards. Mobile payments can be conducted through various means, including:

The advantages of mobile payments include:

As technology continues to advance, the prevalence and sophistication of mobile payment options are expected to increase, further integrating mobile payments into everyday commerce and potentially transforming how consumers interact with merchants and service providers.

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