Mobile P2P payment solutions allow people to simply use a smartphone to transfer money and only require the phone number or email address of the recipient to complete a transaction. At the point-of-sale, large global schemes such as Google Pay and Apple Pay use contactless technologies to enable quick and easy payments.
In some markets, Quick Response (QR) codes mean making a payment as easy as taking a picture with a smartphone. Meanwhile, new service providers piggyback on existing banking and payment infrastructures to offer online payment solutions that cater to our digital lifestyle.