Mobile payment is a form of payment where an end-user can initiate a transaction using a mobile device for goods and services through communication networks or technologies. Mobile payment allows consumers to use a mobile device to pay for goods and services instead of using cash, check, and credit/debit cards. It is also referred to as mobile money,mobile money transfer, and mobile wallet.
According to statistics, the global mobile phone payment market is to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.
Global Mobile Phone Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Among different mobile payment methods, the most increasing method is Alipay. By Alipay, we can complete payment by scanning the 1D barcode or QR code in the app which you installed on your phone. Thus, many business person tend to use barcode scanner with excellent performance in reading mobile phone screen barcodes. For example, Rakinda RD4100 is now preferred by chain hotel, store, restaurant, shops, etc.
If you want to know more about mobile payment or barcode scanner for mobile payment, please contact us for further details.
