Every day we can feel the impacts of technological advances in our lives, and money is no different. The main tools for making payments, transfers and other financial functions are constantly changing.
Therefore, the company needs to be aware of these innovations and understand how it can adapt to offer the best products and services to its customers. And this includes payment methods.
One of the technologies that has become most popular is Mobile Payment, or m-payment. To understand what this technology is and how it works, in this article we will explain everything about this functionality . Keep reading!
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What is M-payment?
Mobile payment is also known as uk whatsapp number data money or mobile wallet, as it represents any financial transaction made digitally through a mobile device.
According to the Brazilian Federation of Banks (Febraban) , since 2013, the internet and mobile banking have taken the lead in consumer preference for banking transactions .
Since then, financial processes via smartphones have evolved considerably. Today, this process has evolved from payments via apps to payments via “Wallets” on cell phones – digital wallets.
Simply register your credit card on your cell phone and bring it close to the machine to make the payment. There is also another mobile payment option that has grown considerably since its launch: Pix .
Completely digital, available in all financial institutions and regulated by the Central Bank , transactions are cleared instantly, facilitating the business collection and receipt process.
Is Mobile Payment safe?
Yes, using this payment method has several data how to overcome sales objections features, just like traditional payment methods.
One of the main processes involved in executing mobile payments is tokenization . This technology replaces the user’s card data with a random numerical sequence, called a token.
The bank and the operator send the information back to the payment applications, which record it on the smartphone. Therefore, if the device is cloned, criminals will not have access to any data.
How does mobile payment work?
Nowadays, with the advancement of technology, all financial institutions offer mobile payments. In addition to being simpler, it also cyprus business directory the fees for performing these services.
In Asaas , for example, you simply need to access the app to find the digital features available – both for payments and receipts. You can even use it to make it easier to create invoices.