MOBILE PAYMENT

Payment made for purchasing a product or service done via a portable electronic device such as a cellular phone. It can also be used to send money to family or friends.

It first became popular in Asia and Europe, before becoming more well-know in the United States and Canada. They can be sent mostly by text message, by passing a smartphone screen showing a special barcode under a store's barcode scanner or by using a cellular phone to take a photo of a check and then sending it. The cost may be added to the client’s phone bill or paid by either credit or debit card.