Types of payment by mobile payment

1. Embedding bank cards into cell phones or affixing them to cell phones to pay with bank cards, using contactless or contact payment. 2.Dual interface multi-function application smart card is used to integrate bank card and SIM card. This method is a physical merger, a little better than the previous one, but still a simple collaboration. 3. Mobile phones are directly connected to the account, and payment can be done with two phones in close proximity. Convenient and easy to use, but requires security confirmation and close cooperation with the operator, as well as the support of cloud computing and the technical application of the Internet of Things. 4. Deposit the customer's funds into the operator's account, and then make payment through SMS or other means as needed. This method is suitable for some small amounts or the operator's own business. 5. Direct payment is made in the account of the third-party payment company, and the user transacts with the user directly through the cell phone. 6. Connect a plug-in to the cell phone and turn it into a card-swiping tool, so that it can be swiped directly through a bank card or the like. This method is simple but troublesome to carry, and is suitable for relatively stable families or offices with not too much mobility. 7. The use of cell phone video, face recognition, voice recognition and other technologies to achieve the connection between the person and the account, direct scanning of the face to achieve personal account payment operations, can be used in cafes and other occasions. Extended Information: Extended Information: Mobile payment refers to the use of electronic products such as cell phones by mobile clients to make electronic money payments. Mobile payment effectively combines the Internet, terminal equipment and financial institutions to form a new payment system. Moreover, mobile payment can not only make monetary payments, but also pay phone bills, gas, water and electricity and other living expenses. Mobile payment creates a new payment method and makes electronic money popular. Features: (1) Small time and space limitations. Mobile payment in the Internet era breaks the traditional payment restrictions on time and space, and users can carry out payment activities anytime and anywhere. Traditional payment is cash-based and requires users and merchants to pay face-to-face. So the payment time and location restrictions are very large; Mobile payment is based on mobile payment. Users can use their cell phones to pay for activities anytime, anywhere, without the limitations of time and space, for example: users can always shop and pay on Taobao and other online shopping malls. (2) Convenient management. Users can carry out all kinds of payment activities anytime and anywhere through the cell phone, personal account inquiries, transfers, payments, recharges and other management. Users can also know their consumption information at any time. This provides great convenience for the user's life, and also makes it more convenient for users to manage their personal accounts. (3) High degree of privacy. Mobile payment means that the user binds the bank card to the cell phone. When users make payments, they need to enter a payment password or fingerprint, and the payment password is different from the bank card password. This makes mobile payment better protect the user's privacy, and its privacy is high. (4) High degree of integration. Mobile payment has a high degree of integration, providing users with many different types of services. For example, users can pay for water, electricity and gas at home through their cell phones; users can manage their personal accounts through their cell phones; and users can conduct online shopping and other payment activities through their cell phones. This indicates a high degree of integration of mobile payments.