An updated edition of the April 16, 2025 article.Mobile payments refer to financial transactions conducted through smartphones, tablets, or wearable devices, eliminating the need for cash or physical cards. These payments are enabled by digital wallets such as Apple Pay, Google Pay and PayPal, as well as contactless technologies like Near Field Communication (NFC). The category also includes peer-to-peer transfers, QR code payments and in-app purchases.As consumers increasingly adopt a cashless lifestyle, e ...