Mobile payments, also known as mobile banking, are a payment service that allows individuals to make financial payments or buy goods from their mobile phone as easily as they could from his or her computer.

Mobile banking allows for an alternative payment method; instead of paying with cash, check or credit cards, the consumer can pay using their smartphone, via a method that is quick, secure and hassle-free.

Customers shopping at grocery stores, especially, are concerned with getting in and out without waiting in long lines. Mobile payments make grocery store checkout lines more efficient allowing them to provide service to a greater number of customers in a shorter amount of time.