Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Mobile Payment
This refers to the processing of payment transactions in mobile networks.
Software solutions
Mobile-based payment is becoming increasingly important in the field of micropayments. The widespread use of smartphones is making this type of use more and more widespread. Mobile payment can also be used as a central payment platform for any type of service. There are now numerous providers of software solutions such as:
- Apple Pay
- Google Pay
- Huawei Pay
- M-Pesa
- PayPal
- Samsung Pay
Mobile Payment in Germany
There is still no standardization model for m-payment in Germany. Several providers offer different mobile payment solutions:
- Deutsche Bank Mobile (banking app for Android)
- Mobile payment (Sparkassen in Germany)
- Payback Pay (UMT AG)
- Postbank Financial Assistant