Mobile payments refer to transactions made using a smartphone or other mobile device. This method allows users to pay for goods and services without needing cash or physical credit cards. Instead, they can use apps or digital wallets, such as Apple Pay or Google Pay, to complete purchases quickly and securely. These payments can be made in various ways, including scanning a QR code, tapping the phone on a payment terminal, or sending money directly to another person. Mobile payments are becoming increasingly popular due to their convenience, speed, and the added security features they offer compared to traditional payment methods.