In today's digital age, it is no surprise that mobile payment systems are becoming more and more popular. In Finland, for example, people can use their mobile phones to pay for nearly any purchase they make – from a cup of coffee to a taxi ride. Many countries worldwide have embraced mobile payments as a way to increase convenience and decrease transaction fees.
Here are some of the different mobile payment systems in various parts of the world:
Siru Mobile
Timo Hakanpää started Siru Mobile, a provider of mobile payment services, in 2011. The company's headquarters are in Helsinki, Finland, and it has a couple of international offices. Customers can use their smartphones to pay for products and services with the support of this provider. The fees are added to the phone bill at the end of the month.
Siru Mobile is a rapidly expanding payment service that is gaining traction in more and more markets worldwide. As a result, it's common to see it at online stores and other locations that take mobile payments. Furthermore, dozens of gaming websites, including casinos, accept Siru Mobile as a deposit method, which can be useful.
Siru is now only available to mobile phone owners in the United Kingdom, Sweden, and Finland, but it can make payments on international websites. The only stipulation is that you have a local phone number.
Apple Pay
Apple Pay is a mobile payment system that Apple Inc. created and launched in October 2014. It allows users to make payments using their iPhones, iPads, or Apple Watches. To use the service, customers must first add their credit or debit card information to the Wallet app on their iOS device. When they are ready to purchase, they simply hold their device near the contactless reader and authorize the payment with their fingerprint or passcode.
Samsung Pay
Samsung Pay is a mobile payment service that Samsung Electronics created in 2015. It allows customers to use their smartphones to make payments at online stores or physical locations, such as shops and restaurants. To do so, they must first download the application onto their device and register with either Visa or MasterCard credit cards.
A virtual account number is then issued to their phone, which they can use in place of the real account number. Samsung Pay has a couple of different security features that make it unique and secure. To make a purchase, customers must input their fingerprint or PIN to verify their identity.
Google Wallet
Google Wallet was created by Google Inc. in 2011 and allows users to make payments using their smartphones. It operates similarly to Apple Pay, except it can be used at a wider range of locations. They can use the Google Wallet card instead of a normal credit or debit card at ATMs and other locations that accept contactless payments, such as gas stations and grocery stores.
The service is so popular because it's very easy to set up an account with your bank information already attached. Furthermore, you can use it on Android devices and iPhones.
Alipay
Alipay is a mobile payment service that Alibaba Group created in Hangzhou, China. It is the most popular online payment system in China and has over 450 million users. Customers must first create an account and link it with their bank information or credit card to use the service. Once this is done, they can use their smartphones to make payments at online retailers or physical locations.
Alipay has a huge variety of payment options for customers to choose from, including credit cards and bank accounts. Furthermore, vendors that accept the service are located all over China, Thailand, Vietnam, and other parts of Asia.
WeChat Pay
WeChat Pay is a mobile payment system developed by Tencent Holdings in China. It is the most popular payment method in China and has over 600 million users. WeChat Pay works similarly to Alipay, except it is only available on Android devices. It works with the mobile app WeChat and allows users to make payments using their smartphones at online retailers and physical locations. The service was launched in 2013 as a way for customers to pay for taxis without cash or paper money.
Cora Wallet
Cora Wallet is a mobile payment system created in France by the company Cora. It allows customers to make payments at online retailers or physical locations. They must first create an account and add their bank information or credit card to use the service. Once this is done, they can use their phone to make a payment by scanning the QR code or NFC tag at the checkout.
Conclusion
Many mobile payment systems are available worldwide, and each has its unique features. However, they all have one thing in common – they allow users to make payments quickly and easily using their smartphones or tablets. So whatever your preferred method of payment may be, there is sure to be a mobile payment system that will work for you.
