How to pay with your mobile phone
TRENDS I September 10, 2020
The use of smartphones has become so widespread that, according to data from Statista, 63% of online users made purchases from their mobile devices. The figure is from 2018 and it not only shows an increase, but it also supports the fact that this type of device is fundamental in our daily lives and it is with us from the moment we wake up until we go to bed.
Most bank cards, both debit and credit, already let you make contactless payments, just by placing the card close to the point of sale (POS) terminal, using the contactless technology. Using them has become an everyday occurrence. But, in addition, the use of mobile phones as a payment method in establishments has become especially important in recent years. To use this method, both your smartphone and the establishment must meet a number of requirements that are becoming increasingly common.
Is a service that allows money to be sent and received, between individuals, donations to NGOs and payments in e-commerce to be made, all instantly and without needing to know the account number of the beneficiary. To send money through Bizum all you need to do is activate the service and accept the terms and conditions (in the case of Banco Santander within the Santander App or Online Banking), choose a contact from your mobile, or an NGO by selecting it from those available in the application or identifying it by its code, and indicate the amount you wish to send. To pay with Bizum in e-commerce shops that have this payment method enabled, you just have to indicate your telephone number and include the Bizum code provided by your bank. It is a safe method backed by most Spanish banks.
It is also possible to connect bank cards to other mobile devices such as smartwatch, Fitbit, Ionic and Garmin. To do this, you will need to correctly configure the watch app on your mobile phone, which we show you how to do on the pages about Fitbit Pay and Garmin Pay. Payment in this case is made when the device is moved close to the POS.
Transactions or payments are always made securely, as the data is sent in an encrypted format. They are also free of charge for the user, and the user does not incur any additional costs when making purchases, as there are no fees for paying with a smartphone or any of the other devices mentioned above. This service works in the same way as your bank cards.
The OSI (Internet User Security Office) emphasises the security of this payment system. Even in the event of theft or loss of the mobile phone, if we have it blocked with a PIN code, fingerprint or facial recognition it will be difficult for someone to access the device. Depending on the configuration of your mobile, it will be necessary to unlock the initial screen to access the application menu and therefore the payment and authentication method.
We recommend following some basic security guidelines to keep your personal data safe. These are common recommendations that involve careful use of your electronic devices:
Paying by mobile phone using various applications or banking services is already a common trend. Users value the immediacy and speed of payment and the convenience.