Mobile payments refer to financial transactions made using a mobile device such as a smartphone or tablet. This can include making purchases in-store, online shopping, bill payment, transferring money between individuals, and other types of electronic funds transfers. The process typically involves the use of near field communication (NFC) technology, which allows for contactless payments at the point-of-sale, or through mobile apps that enable users to make purchases with a tap of their device. Mobile payments are becoming increasingly popular as more consumers embrace the convenience and security offered by this method of payment.