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8 Popular Mobile Payment Systems

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Offering customers multiple payment solutions is another way to make them choose you over your competitors. Since the world has started this online shift to everything, people prefer convenience via mobile phones. Mobile payment solutions make shopping and paying effortless. If you’re wondering what online payment systems you can offer, we’ve listed the top mobile payment options in this article. 

What is a Mobile Payment Solution?

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A mobile payment solution is a payment system people use on their mobile phones. They use smartphones or other cellular phones to pay for products or services. It’s a more convenient, efficient, and faster payment solution since you no longer have to bring cash or change customers’ payments. This type of payment option also means customers pay directly to your account, allowing you to transfer the funds to your bank if the app permits. 

These mobile phones will require the corresponding app or software to enable mobile payment solutions. Some are also done via SMS, depending on the network. Some apps also require users to connect their credit or debit card so people can use the app to pay, and the funds are deducted from the credit card. These apps are called “peer-to-peer” mobile payment apps. 

What are the 5 Types of Mobile Payment Systems?

mobile payment system

Business owners can choose from five payment options. While each solution is unique, all alternatives offer a convenient way of transferring money from end to end. 

1. SMS payments

SMS payments refer to payments made through your local cellular network to another. This means a user transfers money by sending it through another person’s number. In most cases, this is only used locally since most can’t transfer from one mobile number to an international mobile number.

2. Mobile wallet

This is another common form of mobile payment. To make a mobile payment, apps like Samsung Pay, Apple Pay, or Google Pay must be installed on portable gadgets like tablets, smartphones, smartwatches, or computers. Most of these apps are linked to credit cards, debit cards, or bank accounts.

3. Mobile peer-to-peer

A mobile peer-to-peer payment system is another efficient solution if you cater to global customers. Some examples are PayPal, CashApp, and Venmo, and most of these accept all business retailers, big or small. 

4. Mobile eCommerce

Mobile eCommerce is also the most commonly used online payment system. This is when a user makes a transaction online from a browser or a seller’s app or webpage and completes the transaction by inputting their credit card details. Users who pay from a mobile wallet or accelerated checkout systems like Shop Pay are also under the umbrella of mobile eCommerce. 

5. Mobile POS (Point of sale)

This payment type refers to paying for products or services using your credit card by swiping it on a terminal or chip reader. You can also use your mobile phone by tapping it on the terminal via QR codes. 

Benefits of Mobile Payments

money

Most businesses accept mobile payments nowadays due to their security and convenience. While paying cash offers a more secure transaction since you only have to hand the cash to the cashier, online app payments are equipped with robust security measures. On top of that, here are some benefits of mobile payment solutions:

  • Security: Mobile payments require authentication to proceed. This can be done via passcodes, OTPs, fingerprints, or facial recognition. 
  • Speed: Mobile payments can be made in the blink of an eye, making mobile checkout or online shopping easier.
  • Convenience: Customers prefer mobile payments because they no longer have to bring cash or find the nearest ATM to withdraw. All they need is connectivity and their portable gadgets. 
  • Popular: Your business shouldn’t lag behind competitors. It’s no surprise that more and more brands are expanding their online payment systems. Mobile payments are beneficial, especially if your audience is younger. 

8 Top Mobile Payment Systems

person looking at a smartphone

Here are the eight best mobile payment systems you can look into. 

1. Apple Pay

Apple Pay would be appropriate for Apple devices. You can make contactless payments when you make in-app purchases. Apple Pay uses a unique account number, and customers get a security code for every transaction. 

2. Google Pay

Android users can also pay via Google Pay. You can pay via NFC in-store, online, or within apps. Google Pay integrates with most Google apps, letting users enjoy loyalty card management, ticket storage, and money transfers. 

3. Samsung Pay

Samsung Pay is suitable for both NFC transfers and magnetic stripe terminals. This payment mode is also secured with tokenization, biometrics, and Samsung Knox. 

4. PayPal

PayPal is another online payment system that allows peer-to-peer money transfers. It’s easy to send, receive, and manage transactions with PayPal. PayPal also links with credit cards and bank accounts and is mainly linked to various eCommerce websites. 

5. Venmo

Owned by PayPal, Venmo is another mobile payment system for peer-to-peer transfers. It works similarly to PayPal and lets users buy, sell, and hold cryptocurrencies. 

6. Zelle

If you’re from the U.S., Zelle is the app for sending money between bank accounts. This platform is integrated into most U.S. mobile banking apps. It lets you send money instantly using a mobile phone number or email.

7. Square Cash

Also known as the Cash App, Square lets you send and receive money and even invest in stocks and Bitcoin. 

8. Alipay

This mobile payment system is for online payments, financial services, and in-store purchases. Alipay is also widely used in China. Users link their credit, debit, and bank accounts to make payments through NFC, QR codes, or in-app purchases. 

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Tech Layoff from the Top Tech Companies in 2024

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While tech companies exhibited their hiring spree during the pandemic to meet online demand, this year leans toward workforce reduction. Most tech juggernauts are looking at AI initiatives for some work processes. This begs the question—are tech experts’ skills in danger of being replaced by faster and more cost-efficient AI tools and platforms? Even the tech tycoon Google continues to lay off thousands of employees. And while tech experts and professionals enjoy Google’s office amenities, these tech layoffs make them ponder: How long will this enjoyment last? Here are some of the top tech company layoffs in 2024. 

1. Dell

Dell logo

Dell Technologies, a computer manufacturer, has laid off about 12,500 employees, constituting 10 percent of the company’s workforce. The company claims it’s part of a “sales and marketing reorganization” that will center on AI services. But this isn’t the first time the company has had a significant layoff. They also cut off about 6,000 workers last February 2023. This restructuring intends to streamline operations and processes, boosting efficiency. This way, the brand can evolve and adapt to a changing and growing market. 

Research Chief Analyst Dave Vellante said, “It’s unlikely the number is that high because that would typically trigger an SEC filing.”

2. Intel

Intel

Intel embarked on a cost-saving plan, a good move for the company in 2025. However, this will mean job losses for 15 percent of its workforce. Laying off about 15,000 employees will save the company $10 billion in 2025. While it’s the estimated number, it may go up to 19,000 out of Intel’s 125,000 employees. The company representatives said it would restructure to stop “non-essential work.” Although the company hit product milestones in Q2 this year, they are still down in the mouth over the loss of $1.6 billion by the end of Q2. 

Representatives said they will “reduce layers, eliminate overlapping areas of responsibility, stop non-essential work.”

3. Qualcomm

Qualcomm

Qualcomm, a company that manufactures software, semiconductors, and other services that pertain to wireless technology, plans to lay off 1,258 employees by December of this year. These employees will mostly be in their Santa Clar and San Diego branches. The company will cut off positions like analysts, software developers, engineers, legal, finance, and human resources. Qualcomm had a 23 percent drop in revenue and a 52 percent drop in net income during Q2 this year.

Palkhiwala said, “Until we see sustained signs of improving fundamentals, our operating framework does not assume an immediate recovery.”

4. Jam City

Jam City logo

Jam City is a video game developer and publisher also in for the 2024 tech layoffs. The company has reported to cut 85 employees. And while this number isn’t as shocking as the others on this list, it constitutes 10 percent of their workforce. This is also the second time the game developer laid off its employees, with its first in 2022, letting go of 17 percent of its workforce. Jam City is the genius behind games such as Disney Emoji Blitz, Jurassic World Alive, and DC Heroes and Villains. Some gaming analysts predict an upward trend for this niche in 2024. 

However, Jam City CEO said, “While we have seen moderate improvements in some areas, the overall upward trend has not materialised as expected.”

5. Microsoft 

Microsoft logo

Microsoft also swooped another round of layoffs in multiple departments from various locations. Although the company didn’t disclose the exact number of layoffs, these employees included roles in program and product management. The company confirms this is part of the “regular organizational adjustments” to focus on strategic growth areas. This isn’t the first time the tech company has done a significant layoff. They also cut off around 2,000 employees in January 2024, particularly in the gaming departments, HoloLens, and Azure Cloud divisions.

A Microsoft representative stated, Organizational and workforce adjustments are a necessary and regular part of managing our business.” 

6. EBay

eBay logo

The online shopping brand eBay is also joining the layoffs this year. EBay is cutting off around a thousand employees, accounting for nine percent of its full-time workforce. Jamie Iannone, eBay CEO, announced these changes, stating that the brand is prioritizing more sustainable long-term growth. He said that the number of employees and expenses outpaced the company’s growth. He also noted that employees were encouraged to work from home, so they have the needed space during this challenging period.

CEO and President Jamie Iannone said, “We have to say goodbye to people who have made so many important contributions to the eBay community and culture, and this isn’t easy.”

7. Twitch

twitch logo

Another popular live-streaming platform, Twitch, joins the tech layoffs bandwagon. Amazon’s Twitch cuts 35 percent of its employees, resulting in hundreds of employees scrambling to find job replacements. Twitch CEO Dan Clancy announced that it would have to cut off over 500 people across all departments and claims this is for sustainability in business operations. Although Twitch earns from multiple revenues, such as ads and subscriptions, it’s reported that the company is still unprofitable for nine years. 

Clancy stated, “Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch.” 

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10 Best Gaming PCs for Every Gamer

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If you’re an avid gamer, setting up or buying a gaming PC will make games more enjoyable. Whether you play esports professionally or not, getting the right equipment suitable for your preference is critical to seamless gaming. If you’re unsure where to start, we’ve made a list of the top 10 best gaming PCs you must check out. 

1. Corsair One i500

cpu

The Corsair One i500 leans more on the higher-end spectrum, with a sleek wooden front panel and stylish fabric side panels. The Corsair One i500 is a high-end gaming PC with power and an elegant, compact design. It features an Intel Core i9-14900K, Nvidia RTX 4090, 32GB DDR5 RAM, and a 2TB NVMe SSD. Its custom AIO liquid cooling keeps things calm and quiet. With an 850W 80 Plus Platinum power supply, RGB lighting, VR readiness, and plenty of connectivity options, it’s perfect for gamers and pros alike. Upgrading RAM and SSD is easy, though CPU and GPU upgrades are trickier.

2. HP Victus 15L

Looking for a budget-friendly gaming PC with impressive specs like an Intel Core i7-13700, Nvidia RTX 3060, up to 32GB DDR4 RAM, and a 1TB NVMe SSD + 2TB HDD combo? Running Windows 11 Home, the HP Victus 15L has a 500W power supply and efficient cooling. Its compact, sleek design fits easily into any setup. With customizable configurations, VR readiness, and easy upgrades, it’s a great choice for gamers seeking good performance without breaking the bank. It runs quietly and has customizable RGB lighting for that stylish touch.

3. Acer Predator Orion 7000

cpu

The Acer Predator Orion 7000 is a high-end gaming PC that packs a serious punch with specs like a 13th Gen Intel Core i9, Nvidia RTX 4090, and up to 64GB DDR5 RAM. It offers loads of storage with a 2TB NVMe SSD and 2TB HDD, all running on Windows 11 Home. Its advanced cooling system, upgradeable design, and customizable RGB lighting make it a gamer’sgamer’s dream. Plus, with excellent connectivity options and DTS Ultra audio, it’s perfect for immersive gaming sessions and virtual reality. Its futuristic design makes it pop in any setup!

4. Alienware Aurora R16

This top-notch gaming PC pairs powerful specs with a sleek, modern design. It features a 13th Gen Intel Core i9-13900KF, Nvidia RTX 4090, up to 64GB DDR5 RAM, and up to 4TB NVMe SSD storage. Running Windows 11 Home with a 1350W Platinum PSU, it delivers outstanding gaming performance. Its advanced cooling, tool-less upgradeable design, customizable RGB lighting, and versatile connectivity make it a gamer’sgamer’s dream. With VR readiness and superior audio, it’s perfect for serious gamers.

5. iBuyPower Y60

cpu

Nothing beats a favorite among gamers for its top-notch performance and sleek design. The iBuyPower Y60 gaming PC boasts an Intel Core i9-13900K or AMD Ryzen 9 7950X, Nvidia RTX 4090 or AMD Radeon RX 7900 XTX, and up to 64GB DDR5 RAM. With up to 2TB NVMe SSD + 2TB HDD storage, it runs Windows 11 Home on a 750W to 1000W PSU. Featuring advanced cooling, customizable RGB lighting, VR readiness, and premium build quality, it’s perfect for serious gaming and easy upgrades.

6. MSI Infinite RS 13th

The MSI Infinite RS 13th is a beastly gaming PC packed with up to a 13th Gen Intel Core i9-13900K and Nvidia GeForce RTX 4090, paired with up to 64GB DDR5 RAM. It offers tons of storage with a 2TB NVMe SSD and 4TB HDD, running Windows 11 Home on a 1000W 80 Plus Gold PSU. With advanced cooling, customizable RGB lighting, and easy tool-less upgrades, it’s perfect for high-performance gaming. It’s VR-ready, boasts great sound with Nahimic 3D, and has a stylish design with a glass side panel.

7. Maingear MG-1 Silver

cpu

This is a solid mid-range gaming PC that offers strong build quality and professional assembly. It features an Intel Core i5-13400F CPU, PNY GeForce RTX 4060 GPU, and 16GB of RAM, delivering exemplary performance for its price. This compact system includes customizable RGB lighting and a magnetic front panel. It’s a great choice with 512GB NVMe SSD storage, efficient cooling, and quiet operation. While it could use better dust protection and a faster SSD, it’s neatly built and bloatware-free. The Shroud Edition adds cool faceplates for an extra $100.

8. Alienware Aurora Ryzen Edition R14

The Alienware Aurora Ryzen Edition R14 is a high-performance gaming PC featuring an AMD Ryzen 9 5900X processor and Nvidia GeForce RTX 3080 Ti GPU. It boasts 32GB of DDR4-3466 RAM and a 1TB SSD, ensuring smooth multitasking and fast storage. The sleek, mid-tower design includes options for liquid cooling and various power supplies. With Wi-Fi 6, Bluetooth 5.2, and running Windows 11 Pro, it offers a modern user experience. While it performs well and looks great, it’s pricey and can get noisy under load.

9. CyberPowerPC Gamer Xtreme VR

cpu

Look no further if you want a powerful, sleek gaming PC, perfect for gamers. The CyberPowerPC Gamer Xtreme VR features an Intel Core i7-13700F or i9-13900KF CPU, NVIDIA GeForce RTX 4060 Ti or 4070 GPU, 16GB DDR5 RAM, and a 1TB NVMe SSD. Running Windows 11 Home, it offers Wi-Fi 6, Bluetooth 5.0, and multiple USB ports. It delivers high performance and cool operation with optimized airflow, customizable RGB lighting, and VR readiness. Ideal for modern gaming and VR, it’s a top choice without breaking the bank.

10. Asus ROG Strix GA35

The Asus ROG Strix GA35 is a powerhouse gaming PC perfect for demanding tasks. It features an AMD Ryzen 9 7950X or Ryzen 7 7800X3D processor and top-tier NVIDIA GeForce RTX 4090 or 4080 graphics. With 32GB DDR5 RAM (expandable to 64GB) and a 1TB NVMe SSD, it offers fast performance and ample storage. The custom liquid cooling ensures efficient heat management, while the sleek design boasts customizable RGB lighting. With Wi-Fi 6E, Bluetooth 5.3, and easy upgrade options,  it’s a top choice for serious gamers and professionals.

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10 Budget 5G Smartphones Today

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Having a 5G smartphone keeps your daily connections and communication at par. It’s efficient, fast, and reliable. Since 5G mobile phones are the latest innovations, they can come with a high price tag. But don’t fret. You can still own one without breaking the bank. Here are 10 budget 5G smartphones you can look into. 

1. Nokia G42

Nokia G42 5G 45

Having this mobile phone brand listed at the top is nostalgic. Nokia pioneered the world of mobile phones, and they surprised everyone with their Nokia G42 5F 45 release in 2023. Although the display isn’t the greatest, its Qualcomm processor with Snapdragon 480 Plus chipset made it a reliable and efficient 5G smartphone. The screen is 6.56 inches HD+, with a 90Hz display. It comes with a Corning Gorilla Glass 3 screen, with 4GB and 6GB RAM and up to 128GB storage. Its primary camera is 50MP, with 2MP depth and 2MP macro. 

Price: $220

2. ZTE Blade V41 Vita 5G

ZTE Blade V41 Vita 5G

If you’re a fan of the ZTE mobile phone brand, their comeback in 2023 proved one of its recent releases was successful. The ZTE Blade V41 Vita 5G 47 features a stylish and sleek design that looks like it will break your arm and leg. It’s an excellent choice with a 6.67-inch Full HD+ display and 90Hz refresh rate. Running on Dimensity 810 chipset, the 128GB storage is expandable. Like most 5G smartphones, this features a 50MP main camera and a dual nano-SIM. 

Price: $249

3. TECNO Pova 5 Pro 5G

TECNO Pova 5 Pro 5G

Another top contender in the most budget-friendly 5G mobile phones is the TECNO Pova 5 Pro 5G. With a slightly bigger screen at 6.78 inches, it features an FHD+ display and a fast 120Hz refresh rate. This 5G cellular phone is powered by Dimensity 6080 and can do work tasks and games. With a stock 8GB RAM extendable up to 16GB, this smartphone gives you many excellent features at a fair price point. It features a 50MP primary camera and 16MP selfie shooter and comes in two colors: Silver Fantasy and Dark Illusion. 

Price: $238

4. Infinix Note 30 5G

Infinix Note 30 5G

The Infinix Note 30 5G is the best choice if you want an excellent main camera at an affordable price. This 5G smartphone features a 108MP main camera and a 16MP front camera. It runs on a Mediatek Dimensity 6080 processor with 3GB and 8GB RAM options. You can also buy a unit with 128GB or 256GB internal storage. It also comes with dual speakers tuned by Hi-Res and JBL. 

Price: $229

5. Samsung Galaxy Z Fold3

Samsung Galaxy Z Fold3

Samsung is one of the most affordable tech companies that offer quality products recognized worldwide. If you want to own one, getting a Galaxy Z Fold3 won’t hurt your pocket, although it’s slightly more expensive than their lesser-known counterparts. Running on a 64-but Octa-Core processor, it offers a 120Hz adaptive refresh rate, making it a fast and smooth phone. When opened, it measures 128.1 x 158.2 x 6.4mm. Its dimensions measure 67.1 x 158.2 x 16.0mm when folded. You can choose between 256GB or 512GB for the built-in memory. The cover camera is 10MP as its selfie camera, with a 12MP ultra-wide camera and 12MP telephoto camera.

Price: $435

6. OnePlus Nord N30

OnePlus Nord N30

OnePlus Nord N30 has a touch response rate of 240Hz and a refresh rate of 120Hz. It runs on the OxygenOS operating system based on Android 13, with Qualcomm Snapdragon 695 5G as a processor. It offers a multi-autofocus feature with 1080p video at 30fps. Its front camera features 16 megapixels with f/2.4 aperture. It comes with an 8GB RAM and 128GB storage.

Price: $200

7. Realme 12 5G

Realme 12 5G

The device boasts a 6.72-inch 120Hz Sunlight Display with a brightness of up to 950 nits for clear viewing, even in bright conditions. It offers a dynamic refresh rate from 45Hz to 120Hz and a touch sampling rate of 240Hz. The FHD+ resolution and a 91.4% screen-to-body ratio enhance the visual experience. Featuring a 108MP 3x zoom portrait camera and trendy design, it is powered by a MediaTek Dimensity 6100+ 5G processor with a 6nm octa-core CPU. The device includes 8GB RAM, and 256GB storage, which is expandable up to 2TB.

Price: $200+

8. Xiaomi Redmi Note 13 Pro 5G

Redmi Note 13 Pro 5G

The Redmi Note 13 Pro 5G is packed with great features. It sports a 6.67-inch AMOLED display with a 120Hz refresh rate, perfect for smooth scrolling and vibrant visuals. Powered by a Snapdragon 7 Gen 1 processor, it handles apps and games effortlessly. You get up to 12GB of RAM and 256GB of storage, so there’s plenty of space and speed. The camera setup includes a 108MP primary sensor for stunning photos, plus a long-lasting 5000mAh battery with fast charging to keep you going all day.

Price: $280+

9. Google Pixel 8 Pro

Google Pixel 8 Pro

Weighing slightly heavier than the rest of these models at 213 grams, the Google Pixel 8 Pro can give you crisp, clear images with 2000 nits peak brightness. With its 6.7-inch Super Actua LTPO OLED display, you’ll enjoy 1344 x 2992 resolution. It has a 50MP primary camera, 10.5MP front camera, and 48MP telephoto camera. It also has AI-powered features like Magic Editor, Audio Magic Eraser, temperature sensor, Video Boost, and more. Plus, the storage options can be up to 1TB! It’s way more expensive than all the 5G smartphones on this list, but the valuable features make it worth your every buck!

Price: $700+

10. Motorola Edge 

Motorola Edge

The Motorola Edge 2024 is a powerhouse of features. It sports a 6.6-inch endless edge FHD+ display with a smooth 144Hz refresh rate and Dolby Atmos support. Running on Android 14, it’s powered by the Qualcomm Snapdragon 7s Gen 2 with 8GB RAM and 256GB storage. The camera setup includes a 50MP primary sensor with OIS, a 13MP ultra-wide sensor, and a 32MP front camera with autofocus. The 5000mAh battery supports 68W TurboPower wired charging and 15W wireless charging. With 5G, Wi-Fi 6E, and NFC, plus AI camera tools and IP68 water resistance, it’s built for top-notch performance and user experience.

Price: $500+

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