Mobile payment is a term that names systems that allow consumers to make payments in physical stores and in virtual stores from anywhere with internet access using hardware such as smartphones, smartwhatches and computers in general.
Also called ewallets, mobile payment systems allow consumers to register their credit and debit cards so they can make purchases without having to enter passwords. This, in turn, provides more agility, practicality and convenience to commerce.
Ewallets can count, for example, with QR Code, digital wallet and payment by approximation, among other features that make it easier to checkout. In addition, they have encryption and a biometric reader, which increases security.
In e-commerce, consumers can use these systems to pay for purchases directly in virtual stores. But in addition, when making a local online purchase at a market or pharmacy, for example, the consumer can also pay at the time of delivery using the approach feature.
Furthermore, a good mobile payment system is ideal for recurring e-commerce purchases. In this way, you can use an ewallet to allow your customers to pay for subscriptions to food baskets, online classes, gym training, and other products and services.
5 MOBILE PAYMENT SYSTEMS TO USE IN E-COMMERCE
For mobile payment to work, both payer and receiver need to have the same ewallet installed on their hardware. In fact, to assemble this list I chose 5 of the most popular ewallets. Check it out below:
1 – Google Pay
With Google Pay, consumers can pay for products and services on websites, apps and various stores. No need to add funds, just a debit or credit card. The technology integrates with several mobile banking apps.
2 - Adyen
Adyen is a unified commerce payment solution that accepts payments anywhere, on any device. The tool generates checkout flow reports, allowing users to track various performance indicators. Additionally, it features fraud protection and tokenization, among other features.
3 - PayPal
With PayPal, you can create a business account and receive payments from almost anywhere in the world. This system has a trackable payment link and allows you to sell through social media, for example. It offers transparent checkout and recurring billing.
4 – Samsung Pay
This mobile payment system can be used on cell phones and even on Samsung smartwhatches. That is, consumers only need to bring a watch closer to the collection machine to complete a purchase. It features Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technologies.
5 – Apple Pay
Like other systems, Apple Pay replaces cash and physical cards with a digital payment method. It is integrated into devices such as the iPhone, Apple Watch, Mac and iPad, for example. Consumers can register debit, credit, boarding cards and more.
Very good! Add mobile payment to your e-commerce and physical stores and make it easier for consumers to complete purchases. In this way, improve the shopping experience and convert many more customers!
As soon as you can, click on " Payment Gateway " and learn about a technology that enables commercial transactions in e-commerce!
