Definition, Meaning & Synonyms

m-payment

Noun

ˈɛm ˈpeɪmənt

Definition

M-payment, short for mobile payment, refers to the process of making financial transactions using a mobile device.

Examples

Using m-payment, customers can easily buy coffee at their favorite café without needing cash.
The m-payment system allowed for a quick checkout process at the online store.
With m-payment technology, you can send money to friends instantly, just by tapping your phone.

Meaning

M-payment enables users to pay for goods and services through their smartphones or tablets, often utilizing various applications or technologies such as near-field communication (NFC) or mobile wallets.