Mobile Payments Take Over eCommerce

Mobile Payments are the new way to purchase goods and services, online or in-store. It is expected that by 2025, 4.8 billion mobile payment users will use mobile payments to make purchases. This projection comes as millions of people start using mobile payments every year. The United States has experienced the greatest growth in mobile payments usage, with 29% users using it in 2019, and 43% by 2021.

What are mobile payments?

Customers can use their smartphones, smart watches or tablets to make mobile payments. The customer can use encryption technology to purchase products or services. These payments can be accepted by sellers using encryption technology that is connected via a third-party app connecting the customer’s bank, credit card or debit card.

What Types of Mobile Payments are Available and How They Work

  • NFC Mobile Payments
  • Mobile payments via the browser
  • In-App Mobile Payments
  • Peer-to-Peer Mobile Payments

NFC Mobile Payments


NFC (near field communications) Mobile Payments is the way mobile devices work with NFC-enabled points-of-sale system to process transactions. To complete a purchase, each device sent encrypted information to the other. All types of mobile payments compatible with NFC technology are Apple Pay, Samsung Pay and Google Pay.

Mobile payments via the browser

Similar to desktop-based ecommerce payments, Browser-based mobile payments are made through the customer using CNP (card-not-present) that can be added to your eCommerce mobile checkout page. The way to complete a transaction is by entering their debit card, credit card, gift card, and sometimes ACH banking information using a smartphone or tablet. Some eCommerce sites also have the ability for customers to use systems like Apple Pay, Samsung Pay, Paypal , Shop Pay, Amazon Pay, and Google Pay that automatically save your payment and shipping information for a faster checkout process.

Related Articles:   Unleashing Business Potential: A Comprehensive Guide to Digital Transformation Solutions

In-App Mobile Payments

In-app mobile payments are similar to mobile browser payments, only these types of transactions take place in the store’s mobile app. The main difference with this type of payment is that you are able to enter your payment information once, and the app will recognize and save it for future use. The app that everyone is familiar with that has this feature is Amazon. Amazon is able to securely save multiple payment and shipping addresses under your personal account for a seamless checkout process, and allows customers to simply swipe to purchase their products.

Peer-to-Peer Mobile Payments


Peer-to–Peer transactions (also known as P2P transactions) are when two users transfer money to one another via a mobile app. Venmo and Zelle, PayPal, Zelle, Cash Apps, Google Pay, Apple Pay Cash, and Zelle are all examples. The application allows users to instantly transfer funds by simply entering their bank account, debit or credit card details. Some retail stores, such as Hollister and Forever 21, Hollister, 5 Below, Hollister, Hollister, Hollister, Hollister, Hollister, etc., have recently added Venmo to their offerings. Customers can use Venmo to pay directly by scanning their Venmo QR code. This system is also suitable for small businesses, as it allows them to pay directly with Venmo without the need for an NFC payment system.


What are the benefits of mobile payments?


Online shopping is convenient, and mobile payments have made it easier. Many people don’t have the time or desire to wait until their computers are back to them to buy items. With mobile payments, they can make purchases from anywhere. In-store convenience is possible without having to take your wallet. You can complete transactions in your pocket as long as your device has an NFC payment system such Apple Pay or Google Pay. Peer-to-peer mobile transactions are also very convenient, for example when you want to split the bill at a restaurant. Instead of splitting the bill in 10 different ways you can simply charge one person’s credit card or debit card and then the other can use peer-to-peer mobile payments to pay their share.

The Global Awarded Magento POS – 2021 Stevie Awards Product Innovation winner provides you with a powerful Magento POS extension as well as 24/7 support. Other products : Shopify Pos, Bigcommerce Pos, Woocommerce Pos


Everyone loves to hear about the benefits of something working quickly. Luckily, all mobile payment types can be done with just a click. Mobile payments allow you to make a purchase in a matter of seconds. Customers can complete transactions using NFC, Peer-to–Peer, In-App and Browser-Based mobile payments. These systems store data to save time.

Related Articles:   Top 10+ eCommerce Website Development Agencies in 2024


These types of payments can be very risky, especially with the increasing threat of personal data and the internet. Mobile payments have the advantage of adding a layer to security that your credit or debit card does not. Apple Pay and Google Pay replace your bank details with tokens that are random numbers. Peer-to–Peer systems have their own security features, such as bank-level encryption that protects your data. To add security, they also include PIN number features.

source :

Leave a Reply

Your email address will not be published. Required fields are marked *