Definition: Digital Payments - Examples & Advice | Bolder Money

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Definition

Using online tools or apps to pay and receive money quickly. Digital methods make transactions simple and fast.

What to consider

Verify mobile payment security.
Ensure user-friendly interfaces.
Keep up with evolving mobile payment technologies.

Real world scenarios

A food truck uses mobile payment apps to accept card payments on the go.
A boutique in a busy shopping district accepts mobile wallet transactions.
An entrepreneur enables mobile payments through QR codes at pop-up events.

Related terms

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