What are mobile payments?

Definition

Modern technology has made it easy for us to pay for things without having to use cash. We need to have a debit or credit card with us, and we can use it to pay for a cup of coffee, a tank of gas, a night in a hotel, or a new laptop. But there is a new way to pay for things without a cashier or cash. Mobile payments, also called contactless payments, combine a card and a mobile phone, so you can pay for something without swiping your card.