Payment by mobile phone is another means of payment whose use is spreading, since the potential development of electronic commerce and the insecurity that consumers perceive in the use of the credit card over the Internet have led to the appearance of initiatives aimed at generalizing the use of the mobile phone as a payment tool.
This method, as a means of identification and payment, offers high portability, security, penetration, connectivity and personalization. In addition, the cost for the user is minimal compared with the rest of the means, just like the level of identification required (it is not necessary to give the phone number, since there is the possibility of identifying with a barcode attached to the terminal). It also allows micro-payments and to reach new customers, such as young people, who are more accustomed to mobile phones than to other means of payment.
Payment by mobile phone can be made by prepayment, through a credit card or checking account, or even through the phone bill.
