Money has evolved many times in human history, from coins to paper and plastic, and today phones. Like music, mail and movies, money has gone digital thanks to the rapid evolution of the internet and mobile technology. Around 15 years ago, the mobile phone was used solely for making calls, playing games or receiving and sending messages. Today, smartphones have completely transformed payment systems.

To accommodate our increasingly fast-paced lives and avoid the hassle of traditional cash payments, mobile payments have emerged as a successful force in the payment industry. It is not difficult to see why mobile payments are poised to take over the industry. Cash is sometimes bulky and constant trips to the ATM can be inconvenient. On the other hand, there are mobile applications that allow users to make cashless payments using their mobile phones in a fast, secure and reliable way.

The most popular mobile payment applications for money transfer

Samsung Pay

Initially launched in South Korea in 2015, Samsung Pay is a secure and easy-to-use mobile payment service. Today, Samsung Pay works on most major U.S. credit cards for countless transactions. Currently available in the U.S. on all major carriers’ networks, as well as in Spain, China, Thailand, the United Arab Emirates, Sweden, Hong Kong and Switzerland, Samsung Pay makes shopping or any payment transaction easier and more convenient than ever before. The application is compatible with Samsung phones such as Galaxy S6, S6 edge, S6 edge , S7, S7 edge, S7 Active and Note 5. Supported by MST (Magnetic Secure Transmission) technology, Samsung Pay supports a wide range of payment cards, including private label cards.

The application can be easily installed. You have to make sure your device software is updated to the AndroidTM 6.0.1 (Marshmallow). You need to click on Samsung Pay icon and then download and install Samsung Pay app. Once installed, launch the Samsung Pay and sign in with your Samsung Account. Samsung Pay is a highly secured form of mobile payment, protected with issuer tokenization. It is a fraud-prevention technology which replaces sensitive card data with a unique, secure token. This enhances transaction security and gives issuers greater control in risk management. You simply need to hold your phone against the payment terminal, and the phone will emit a magnetic signal that stimulates the magnetic strip found on the back of a credit or debit card.


Zelle is a new and faster mobile payment application that allows users the quickly, securely and easily send and receive payments. A convenient alternative to checks and cash, Zelle is the revolutionary application that will reduce the inconvenient trips to the ATM or banks. Payments can be sent using only a registered email address or mobile number so that users never have to share their bank account information with another person. Sending and receiving money have never been so easy. Just pick a recipient, enter the amount and hit “send”. Your recipient will receive an email or text message with instructions on how to receive the money. The money is deposited into your recipient’s account, usually within minutes.


Sending and receiving money are as easy as emailing and texting. With Popmoney, you can send and receive money rapidly and safely. Popmoney stands for Pay Other People Money. It is an innovative payment app that eliminates the hassles of checks and cash. The best part is that you don’t need a separate account. You can simply use your current U.S. checking or savings account. This form of online payment is easy for both senders and recipients. The app is as secure as Zelle and Samsung Pay. It uses a verification code setup sent to your email address or mobile number in order to prevent unauthorized transactions on either end. Receiving a payment is free but you need to pay $0.95 per transaction if you are paying from your debit card or bank account, or if you are requesting funds. Funds are normally available in the recipient’s checking or savings account as early as one business day from the date they accept the funds.

Groupon App

Online coupon broker, Groupon widens its mobile payments net and introduces mobile payment service to rival Square and PayPal. The new mobile payment application, Groupon App features a Groupon-branded credit card reader. Groupon payment is perfect for any business and facilitates credit transactions for any Groupon merchants. VP Mobile and Merchant Products at Groupon, Mihir Shah says that their goal is to provide merchants with the most affordable and powerful tool to run and grow their businesses. In addition, Groupon also allows non-Groupon merchants to process transactions. Instead of waiting the typical two to three days for credit card payments to hit an account, Groupon App users get paid overnight and can redeem Groupon vouchers easily.

Mobile Payment is the Future of Payment

Mobile payment systems promise significantly increased economic productivity and personal inconvenience. The once untouchable banks and credit card companies are now subject to fierce competition from mobile banking solutions that are often cheaper, more transparent and more customer-oriented. While it is difficult to choose just one app, you should aim to have at least two mobile payment apps on your mobile device. Having a small mix of apps at your fingertips can prevent various inconvenient and emergency situations.