Banking & Financial Services (BFS)

Mobile Payment

Mobile payments, also known as m-payments, may be defined as any payment where a mobile device is used to initiate, authorize and confirm an exchange of currency in return for goods and services. Mobile devices include mobile phones, PDAs, wireless tablets and other devices that can connect to mobile telecommunication networks. Mobile payments can be an alternative to cash, checks, credit cards and debit cards, and can make possible new opportunities for commerce convenience. 

On an average, a customer checks their phone 85 times a day. Raqmiyat brings you up close and personal with the right mobile payment solution. 

Industry figures suggest that the use of mobile as a sales channel has increased to around 20% of all e-Commerce transactions for some merchants. To take advantage of this increasingly lucrative sales channel and ensure the best possible chance of achieving higher conversion rates, merchants need to adapt to this environment by making sure the checkout process remains as seamless as possible. 

Whether you're developing an app for speed, availability and a slick user interface, or a mobile website for instant access, device-compatibility and ease of being found and shared, we'll make it simple to accept mobile payments. Mobile payment solutions provide a direct improvement to the operations efficiency, ultimately resulting in cost savings and in an increase in business volume”.