Mobile payment refers to the process of making financial transactions using a mobile device, such as a smartphone or tablet. This method allows users to pay for goods and services electronically, often through apps or digital wallets like Apple Pay or Google Wallet. Mobile payments can be made in-store, online, or through peer-to-peer transfers. The technology behind mobile payments typically involves Near Field Communication (NFC) or QR codes, enabling secure and quick transactions. Users can link their bank accounts or credit cards to their mobile payment apps, making it convenient to manage finances and complete purchases without carrying cash or physical cards.