Payment Systems: Mobile

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 Payment Systems

Common in apps like PayPal or Paytm , where you scan a merchant's code to send money. Apps may track your spending habits and location

Mobile payment systems allow you to conduct financial transactions using a smartphone or other mobile device. These systems act as a bridge between your bank account and a merchant, replacing physical cash and plastic cards with digital data. 📱 Key Types of Mobile Payments you cannot make a payment.

(PDF) Systematic Literature Review of Mobile Payment Systems

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