Relatively recently, people have begun to prefer buying goods and services online.
It’s much easier, especially because it does not take much time.
And if before it was convenient to pay for the order by card, now there is a new trend – many people already use their mobile phone to pay for goods or services.
The payment system has reached a whole new level, and now even just products in the supermarket can be paid for in just a few seconds.
The era of mobile phones has come, which are currently experiencing the peak of their popularity.
The manufacturers of these handheld gadgets are giving them more and more new features, so it is not surprising that they can now replace a bank card.
How to pay by smartphone
Recently, the possibility of contactless payment appeared on the financial market. I mean PayPass, Mastercard and Visa payWave. They are quite simple and easy to use.
In order to make a payment, you need to present the card to the terminal and that’s it.
This greatly simplifies the procedure, because you do not need to enter a pin code.
A similar principle works with phones.
The technology that allows contactless payment is called Near Field Communication (NFC).
Its essence is that a special application is installed on the user’s smartphone, which remembers the bank card data and uses them for payment.
The only condition – the smartphone must have a special chip to perform the operation and should be connected to the SIM card.
Advantages and disadvantages of paying by smartphone
The advantages of this method of payment are the ability not to carry a wallet and cards.
Today such a system is considered very popular and in demand.
Also, applications allow the user to perform transactions in contactless ATMs.
The disadvantages of this system are:
- lack of NFC chip in most phones. It is impossible to build it, so if you do not have one, you will have to buy a new phone;
- not all cashiers in stores make such a payment;
- sending a payment requires a terminal with a contactless payment function in the store (or anywhere). Unfortunately, not everyone can boast of this today.
As you can see, there is nothing complicated.
Installed the application, selected the product, paid by touch and use.
You should also not worry about data security, because its level is appropriate (not lower than when paying with plastic cards).
Some users believe that this payment option allows hackers to read their personal data.
But this is not the case.
Modern phones are equipped with everything you need to keep your data safe.
Thus, smartphones have been taken to a new level. Also, similar technologies already have watches, rings, bracelets, etc.
To The Moon Mobile makes your life easier
To The Moon Mobile is a virtual network operator who’s one of the first to have added a debit card to its SIM-only offering, combining its network and finance needs in one space.
TTM mobile creates an innovative app that can manage your TTM mobile and Finance account together.
It offers you 23 Pay As You Go bundles with superfast data and sets up your free debit account with no ID checks.
Available in both GBP and EUR currencies, the virtual debit card can be opened in seconds through To The Moon Mobile account.
For the first 1000 customers, To The Moon is offering a special orange limited edition card.
After that, it will be a teal card to match the brand’s company colours.
Join To The Moon Mobile Finance and receive a £10 welcome bonus automatically deposited into your TTM Mobile account!