(PDF) Systematic Literature Review of Mobile Payment Systems
Transactions often take seconds, significantly shortening checkout lines. Mobile Payment Systems
Direct transfers through banking apps or peer-to-peer services like Venmo to split bills or pay individuals instantly. ✅ Core Benefits (PDF) Systematic Literature Review of Mobile Payment Systems
In emerging markets, mobile money services like M-Pesa provide banking access to people without traditional bank accounts. ⚠️ Potential Drawbacks Mobile Payment Systems
Most systems use tokenization , meaning your actual card number is never shared with the merchant. Biometric locks (face/fingerprint) add another layer of protection.
Common in apps like PayPal or Paytm , where you scan a merchant's code to send money.