Mobile Payment Systems

Mobile payment systems allow users to make transactions using their smartphones or mobile devices instead of cash or cards. These systems leverage technology like near-field communication (NFC) or QR codes, enabling users to pay by tapping their device at a point-of-sale terminal or scanning a code. Popular apps include Apple Pay, Google Pay, and various banking applications. They enhance convenience and security by using encryption and biometric verification, such as fingerprint or facial recognition. Mobile payments are increasingly accepted by merchants worldwide, making everyday purchases quicker and more efficient.