Mobile — Payment Systems

Mobile payments generally fall into three main categories based on how the technology connects:

Common in apps like PayPal or Paytm , where you scan a merchant's code to send money.

If your phone battery dies or the network goes down, you cannot make a payment. Mobile Payment Systems

Apps may track your spending habits and location to serve targeted ads.

In emerging markets, mobile money services like M-Pesa provide banking access to people without traditional bank accounts. ⚠️ Potential Drawbacks Mobile payments generally fall into three main categories

Apps like Apple Pay and Google Wallet that store your card information. They use NFC (Near Field Communication) to let you "tap and pay" at registers.

(PDF) Systematic Literature Review of Mobile Payment Systems In emerging markets, mobile money services like M-Pesa

Most systems use tokenization , meaning your actual card number is never shared with the merchant. Biometric locks (face/fingerprint) add another layer of protection.