Artemis Investment Limited - The Most Well-Known Mobile Payment Apps

Since its inception, mobile payment programs such as Apple Pay and Venmo have expanded at an exponential rate.
ADMIRALTY, Hong Kong - Sept. 20, 2023 - PRLog -- Users will appreciate the simplicity of use and superior security. Despite the influence of such brands, the first and most widely used mobile payments app was created by a business model far apart from Silicon Valley's tech titans.

Leader in Payment Apps

Starbucks (SBUX) has a compelling tale to tell about how tapping and paying, rather than taking out a card or even cash, can improve your life. The free Starbucks mobile-pay app lets you order on the go and then go in (or drive-thru) to pick up your order without having to wait in line. As of the end of 2020, their mobile payments app has approximately 22 million active users.1 In 2011, the app was made available in all U.S. shops.

Other retailers, meanwhile, have been updating their credit card payment processing systems to allow more secure EMV technology, and many smartphones are ready for tap-and-pay usage.

Mobile Payment Services That Are Popular

Beyond Apple and Venmo, there has been a boom in mobile payment systems. In 2013, PayPal acquired Braintree, which had acquired Venmo the year before. In the meanwhile, there are Zelle, Cash App, and Google Pay.

Many payment applications are default options depending on the phone you have, and they all operate similarly. You download the free app, enter your credit or debit card information, and then "tap to pay" using your phone at any merchant that accepts that service.

If the business has signed up to accept PayPal payments, PayPal operates the same manner and with the same card reader. PayPal is not as extensively offered in physical shops.

To find out more, you may also visit us at Artemis Investment Limited through our website

Cherry Hwuang
Marketing Director

Artemis Investment Limited
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