Advantages and disadvantages of mobile payment

1, convenience: using mobile payment only requires a mobile phone, which is more convenient.

2. Personalization: Based on advanced mobile communication technology and simple mobile phone operation interface, users can customize their own consumption patterns and personalized services, making account transactions easier and more convenient.

3. Marketability: Merchants can expand the publicity effect in festivals through mobile payment, carry out activities of full reduction and random reduction, drive the turnover of merchants, and promote the establishment of brand and reputation of merchants.

Second, shortcomings.

1. Theft risk: Because mobile payment is done on mobile phones, Trojans on mobile phones are emerging one after another, and criminals can easily steal with the help of mobile phone viruses, which has caused security problems to the funds on mobile phones.

2. Personal privacy disclosure: Consumers spend through mobile payment, and merchants have mastered a large number of relevant data of consumers. If they encounter bad businesses, trading these data will undoubtedly bring great security risks to consumers.

Payment type

The classification of mobile payment mainly includes the following three types:

1. According to the payment amount, mobile payment can be divided into small payment and large payment. Micro-payment service refers to the cooperation between operators and banks to establish accounts with pre-stored fees, and users send remittance instructions through mobile communication platforms to remit fees. Large payment means that the user's bank account is bound to the mobile phone number, and the user conducts transactions on the bank card bound to the mobile phone in various ways.

2. Mobile electronic payment can be divided into remote payment and on-site payment according to whether the payer and the payee are in the same place at the time of payment. If you buy ringtones through your mobile phone, it's remote payment, while if you buy drinks from the vending machine through your mobile phone, it's on-site payment.

3. According to the different implementation methods, mobile payment can be divided into two types: one is to complete payment through remote control such as SMS and WAP. The other is to complete the payment through short-distance contactless technology. The main short-range communication technologies are RFID, NFC, Bluetooth, 802.438+0438+0, etc.