According to the definition of Baidu Encyclopedia and Hugo.com, mobile payment service refers to the application that mobile phone users use bank cards as payment means to complete electronic payment. Advantages of mobile payment service:

1, payment is convenient and fast: WeChat Alipay can directly bind bank cards and credit cards, and one-click payment is convenient and fast, and it takes 3 seconds to pay the cashier.

2, put an end to counterfeit banknotes, no need to change: counterfeit banknotes are definitely a point that people hate in daily transactions, and mobile payment can completely put an end to counterfeit banknotes, and there is no need to change in the cashier process, which greatly saves the time of buyers and sellers.

3. Highly integrated: Mobile payment can be highly integrated with various industries to solve industry problems perfectly. Whether online or offline, mobile payment can be well integrated in entertainment, medical care, travel, catering, hotels and other scenes in the whole industry.

4. Environmental protection and sanitation: With the development of mobile payment, the use of paper money will be greatly reduced, and the spread of bacteria on paper money will be eliminated.

5. Consumer finance: One of the characteristics of mobile payment is to separate you from your money to a certain extent, so it seems that you don't feel so guilty when spending money. However, in order to avoid excessive consumption, you can also use some money-saving software to help you plan your financial management. There are a large number of applications that can be used to track expenses, and it is easy to see how to buy will be more suitable for your budget to avoid overspending.

6. Big data and marketing: Mobile payment can make better use of big data. Once customers use mobile payment for consumption, merchants can track customer information through mobile payment system software. After obtaining the data of customers' buying patterns, businesses can make full use of these data to improve their products. Or we can promote customers to spend again through the membership and marketing functions of the mobile payment system, such as issuing membership benefits, card coupons and other activities. Therefore, it is necessary to open the mobile payment service.