Mobile payment

Mobile payment refers to the process of using a mobile device, like a smartphone or tablet, to make financial transactions. This can involve purchasing goods or services through apps, sending money to friends, or paying at stores using NFC technology, which allows devices to communicate wirelessly. Users can link their bank accounts or credit cards to mobile payment platforms like Apple Pay, Google Pay, or various banking apps. Mobile payments offer convenience, speed, and enhanced security features, making it easier to manage transactions without needing cash or physical credit cards.