What is the difference between electronic payment and mobile payment

Electronic payment refers to the use of secure electronic means between consumers, merchants and financial institutions to securely transmit payment information through the information network to the bank or the corresponding processing institutions, used to achieve monetary payments or the flow of funds.

The business type of electronic payment is divided into online payment, telephone payment, mobile payment, point-of-sale terminal transaction, automatic teller machine transaction and other electronic payment according to the way of initiating electronic payment instruction.

Mobile payment is a new type of payment method that uses mobile devices to complete the payment behavior through wireless means. The mobile terminal used for mobile payment can be a cell phone, PDA, mobile PC and so on.

Answer time: 2021-01-15, the latest business changes please refer to the official website of Ping An Bank announced.

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