Mobile Payment Solutions
Mobile payments are gaining enormous popularity as a faster, more efficient and safer alternative payment method. Instead of paying with cash, check, or credit cards, a consumer can simply use a mobile phone to pay for a wide range of services.
"In 2015, 13% of UK adults made a mobile payment in-store (a 10% increase from the previous year) and, according to research carried out by Visa (2015), the number of people spending via mobiles is set to increase significantly over the next five years, with £1.2 bn projected by 2020 in the UK alone".
Mobile Payment types
P2P (peer-to-peer)
Noncommercial payments from one consumer to another and commercial payments from a consumer to a small-scale merchant.
Purchases on the Internet
Payments for goods and services purchased over the Internet on a mobile device.
POS (point of sales)
Payments initiated from a mobile device at brick-and-mortar stores.
There are numerous benefits of incorporating mobile payments:
Convenience
Payments can be made anywhere at any time with a mobile device connected to the Internet. No need to carry cash or credit card.
Speed
Consumers simply pass their mobile device over a NFC reader connected to the POS system.
Cost
Lower fees paid to payments providers, banks, or merchants for using the method.
Security
Reduced theft risks of having cash on hand, credit card details could not be extracted from the cell phone.
Engagement
Ability to receive targeted advertisements and promotions.
Easy Control
Ability to monitor account balances, manage finances and control spending.
Mobile payments technologies
- SMS based transactional payments
- Direct mobile billing
- Mobile web payments (WAP)
- Contactless NFC (Near field communication)
- RFID
- QR codes
Qulix Mobile Payment Development Services
We provide mobile payments app development for iPhone, Android, and Windows Phone with QR Code, NFC, iBeacon, Apple Passbook, and Google Wallet.
- E-wallets apps
- Money transfer apps integrated with different service providers
- Fund transfer applications
- Social peer-to-peer payment apps
- Customer loyalty applications for end users to get extra bonuses and special offers when they get into the iBeacon zone
- Mobile financial applications for end users
- Mobile payment systems for in-store and online payments
Vice President of Innovation and Product, Mozido Inc.
“They are very quick to respond when we have sourcing needs. They have some of the strongest developers out of the five or six offshore companies we work with. They seem to emphasise quality over quantity.”