Technology Mobile Wallet Market Research Report, 2020 | Page 2

Your Catalyst To a Lucrative Business
The mobile wallet payment is divided into methods such as person to person payment( P2P) and customer to business payment( C2P) on basis of transaction targets. It is further divided into Proximity payment and Remote Payment. Remote payment is the process where the customer makes payment through short range of communication technology such as Bluetooth, infrared, near field communication and RFID. In remote payment method, the user makes payment with mobile devices and operates back end system through communication network.
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