# Mobile Payment

**IRI:** https://folio.openlegalstandard.org/R9Yin9d0YtF1BoKEXRjcCo7

## Labels

**Preferred Label:** Digital Wallet Payment

**Alternative Labels:**

- Mobile Money Transfer
- Mobile Wallet Payment

## Definition

Mobile Payment is the use of mobile devices, such as smartphones and tablets, to conduct financial transactions, typically facilitated by a mobile payment application. This modality enables convenient, remote access to funds for both online and in-person transactions.

## Sub Class Of

- https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

**Deprecated:** False