Mobile Payments Solutions

With emerging technology, the need for easier and faster means of payment arises. Before now you have to go to the bank to make payments then comes the era of Credit cards and debit cards. Now we are talking of mobile payment.

Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheques, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods.

Some of the mobile payment solution.

The general process for mobile payment includes

First payment:

User registers, inputs their phone number, and the provider sends them an SMS with a PIN 

User enters the received PIN, authenticating the number

User inputs their credit card info or another payment method if necessary (not necessary if the account has already been added) and validates payment

Subsequent payments:

The user re enters their PIN to authenticate and validates payment,

Below are the mobile payment (mobile wallet) solution.

1. LoopPay

2. Applepay

3. Google Wallet.

4. Paypal

5. Apple Passbook

6. Square Wallet

7. Lemon Wallet
8. Chirpify
9. Geode By ICache
10. Venmo