Technology for mobile payments system

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Mobile
Mobile payments
What are the technologies involved in the mobile payment system?
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  • AndreaF
    Can you be more specific - What mobile payment systems are you looking for..... or is that the actual question? We are using the Square payment system in our home based business, although it only works for credit cards. Is this the type of payment system you are looking for?
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  • Subhendu Sen
    This is a type of mobile money that can be transferred to another account or to pay for some kinds of bills etc. There are several technologies behind this system like ussd/ nfc o even qr codes scan. For more info is here: https://searchmobilecomputing.techtarget.com/definition/m-payment
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  • joshuashih1
    there are a few different types, first is NFC (near field communication) used by apple pay and android pay. The next option is samsung pay and that is wireless but is held to the standard magstrype reader and sends a magnetic single that tricks the reader to think a card was swiped. the third way is over the internet such as paypal or square cash. You can look into each of these options and see what is best for the situation your wanting to use this in. 
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  • joshuashih1
    I assume that your referring to accepting payments but if thats not the case most of the options I mentioned can be used as a consumer 
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