Mobile payments enables customers to initiate remote financial transactions from their mobile phone, be it utility bill payments, fund transfer or m-commerce transactions. Instead of making payments using cash, credit card, debit card or checks, customers can use a mobile phone to pay for a wide range of products and services. This will mean lighter pockets and wallets and an opportunity for everyone not just to travel lighter but also to travel and transact smarter. mFino’s Mobile Payment solution shall enable the following transactions:

  • M-Commerce – Allows merchants to take payments from customers on the go wherever they are
  • Mobile as Point-of-Sale – Turns mobile devices like phones and tablets into payment acceptance devices
  • Mobile as Consumer Payment Device – Enables customers to use their phone as a payment device using NFC, QR Codes or RFID technology