Is mobile payment redefining e-payment? Making payment online has become a revelation in terms of transactions being made these days. Mobile payment seems to be a step beyond card payment and a new step highlighting the efficacy of smartphones and faster network services. Topping all charts in this section is Paypal . The e-payment giants believe that people will stop using their wallets by the end of 2015. Consequently, they have acquired Zong for 240 million USD as a step to emerge as global leaders in mobile payment.
If Paypal has acquired Zong, Google has launched Google Wallet. It is Google’s state-of-the-art mobile payment system and with Visa making smart investments in Square, the online payment business through mobiles itself is now worth 1.4 billion USD.
Here’s an infographic provided by G+ which gives an insight into the growing trends of online payment services through cell phones. They have also tracked expert opinions and carried out in-depth analyses to figure out the prospects of mobile payment. The infographic also shows comparison between various e-payment players providing mobile payment services.
TND advises its users to make efficient use of mobile payment services. Use secure login and avoid fraudulent websites to enrich your online payment experience.