Payment methods refer to the various ways individuals can pay for goods and services. Common options include cash, credit cards, debit cards, and digital wallets. Each method has its own advantages, such as convenience or security, and can be used in different settings, like online shopping or in-person transactions. In recent years, mobile payment systems like Apple Pay and Google Pay have gained popularity, allowing users to make payments using their smartphones. Additionally, cryptocurrencies, such as Bitcoin, are emerging as alternative payment methods, offering a decentralized way to conduct transactions without traditional banks.