Difference between revisions of "Mobile Payments"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with "== Definition == '''Mobile Payments''' denotes one the new Fintech modes for financial services provision which allow consumers to use their smartphones or other mobile de...") |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | '''Mobile Payments''' denotes one the new [[Fintech]] modes for financial services provision which allow | + | '''Mobile Payments''' denotes any one the new [[Fintech]] modes for financial services provision which allow individual to use their mobile devices (smartphones / other highly portable devices such as smartwatches) to make purchases and transfer money. |
| − | + | ||
| − | relying on the physical use of cash, checks, or credit and debit cards. | + | Individuals and businesses use these devices to make and receive payments instead of relying on the physical use of cash, checks, or credit and debit cards. |
---- | ---- | ||
[[Category:Fintech]] | [[Category:Fintech]] | ||
[[Category:Products and Markets]] | [[Category:Products and Markets]] | ||
| + | [[Category:Monetary System]] | ||
Latest revision as of 11:55, 27 September 2021
Definition
Mobile Payments denotes any one the new Fintech modes for financial services provision which allow individual to use their mobile devices (smartphones / other highly portable devices such as smartwatches) to make purchases and transfer money.
Individuals and businesses use these devices to make and receive payments instead of relying on the physical use of cash, checks, or credit and debit cards.
