4 Popular Cellular Payment Models
More people are inclined to various cellular payment solutions because of the convenience they offer and the ability to carry out transactions in a very safe manner. Basically, there are 4 types of cellular payment solutions, which include:
Direct cellular billing
The direct cellular billing option allows consumers to buy any product from the phone, the total amount is then added directly to the consumer cellphone bill. This method is bypassed internet banking or uses your debit/credit card and is therefore very popular. This method is supported by popular application stores like Google Play Store, Windows Store, etc. Other members.
Near field communication (NFC)
A consumer can use NFC phones that are activated to knock on the Merchant recipient module to start payment. "Touch to pay" using this technology is quite popular in many countries and catches up. Payment using NFC is a fast-growing cellular payment method that aims to change the way customers interact with their devices to make payments.
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Premium SMS-based payment
In this method of consumers send text messages to start the payment process and premium costs can be applied to customer cellular bills or from the wallet online. Traders who receive orders can then start shipping items ordered. The form of this cellular payment is widely used before but later on a decline because it is less than star security measures in place.
Cellular Web-Based Payments
In this method consumers make payments using an internet or web page or through special applications installed on the phone. The underlying technology used here is the wireless application protocol (WAP) and is being included by many cellular network operators today to facilitate finer payments.
Performing payments in the form without cash and without paper has become a trendy and convenient choice for all consumers. Some advantages of cellular payment processing include:
Encrypted data transmission
Cellular payments are one of the safest payment methods. Bank card details and consumer credit / debit are stored in a safe and data transmitted in an encrypted format so that it makes it impossible for anyone to solve it.
Multi-factor authentication
Most cellular payment solutions provide multi-factor authentication at the time of payment, therefore making it a safe payment method. There is nothing but owners of cellular devices will be able to make transactions and abuse this facility.
Integrating incentive programs
One of the biggest advantages is the ability to integrate loyalty and incentive programs into cellular payment applications. Instead of customers must follow the punch card or key chain tag, all their information is stored in the application every time they make purchases with their cellular devices.
Trend customer trends
With cellular payment services, inventory tracking and customer behavior can be automatic and used to serve customers better.
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Payment convenience
Being one of the easiest payment methods, cellular payment processing provides the freedom to customers to start payments from anywhere and anytime. This allows consumers to buy products or take advantage of services without having to be physically present to make payments.
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Access to offers and offers
Many cellular payment providers and traders who use it create special targeted offers directly in their mobile payment customers. In addition to comfort, cellular payment users have easy access to great deals at the right time they need them.
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