Mobile payment

Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available.

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Source: Wikipedia · Image: Wikimedia Commons · CC BY 4.0

ENGPAY

Payments, explained — digital wallets, gateways and merchant tech, plus handy everyday calculators.

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