Mobile Payments
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Mobile Payments
Mobile Payments refers to any payment made via a mobile device in place of using cash or a credit card to process a transaction. (Mobile payments are also known as mobile money transfers and mobile money)
This may be acceptance of a payment via a card swiper attached to a cell phone in order to receive a payment from a credit card. It can also be acceptance of a payment via cell phone in place of a credit card through a mobile wallet.