mobile payment processing

Mobile payment processing software are essentially online applications that enable consumers to move funds from current account to point B using a mobile phone. The mechanism of mobile transfers varies greatly. At times, the transaction takes place within the application and at other times it may occur over the internet. However, these mobile applications can be used to conduct a wide range of monetary transactions – from online purchases of gift cards to deposit funds to offline bank accounts. Finally, the software is also used to facilitate online payments, such as those involved in online real estate transactions.

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