The Evolution of Payments: Traditional Bill Methods Compared to Mobile Innovations

Year : 2025 | Volume : 03 | Issue : 01 | Page : 17 27
    By

    N.B. Mahesh Kumar,

  1. Associate Professor, Department of Computer Science and Engine, Hindusthan Institute of Technology, Coimbatore, Tamil Nadu, India

Abstract

“Mobile Payment Experiences in the Future” explores the transformative impact of emerging technologies: Artificial Intelligence (AI), 5G connectivity, and biometrics, on the evolution of mobile payment systems, moving beyond today’s simple “tap and pay” solutions. As mobile payments become an essential component of global commerce, these innovations are set to redefine the payment landscape by enhancing transaction speed, security, and personalization. AI will enable real-time fraud detection, adaptive user verification, and customized financial insights, facilitating a seamless and intelligent payment experience. Meanwhile, 5G’s ultra-low latency and high bandwidth will support faster, real-time transactions, paving the way for innovations such as augmented reality (AR) shopping and voice-activated payments. Biometrics, including facial recognition, fingerprint scanning, and behavioral analytics, will introduce advanced layers of security, ensuring safer and more frictionless transactions. This study examines both the technical and social implications of these advancements, envisioning a future where mobile payments are faster, more secure, and deeply integrated into users’ lifestyles. Through case studies and expert insights, we highlight the potential of AI, 5G, and biometrics to revolutionize mobile payments and drive the global transition to a cashless society.

Keywords: Mobile payment, artificial intelligence (AI), 5G connectivity, augmented reality (AR), security, cash payments

[This article belongs to International Journal of Mobile Computing Technology ]

How to cite this article:
N.B. Mahesh Kumar. The Evolution of Payments: Traditional Bill Methods Compared to Mobile Innovations. International Journal of Mobile Computing Technology. 2025; 03(01):17-27.
How to cite this URL:
N.B. Mahesh Kumar. The Evolution of Payments: Traditional Bill Methods Compared to Mobile Innovations. International Journal of Mobile Computing Technology. 2025; 03(01):17-27. Available from: https://journals.stmjournals.com/ijmct/article=2025/view=201669


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Regular Issue Subscription Review Article
Volume 03
Issue 01
Received 26/10/2024
Accepted 16/12/2024
Published 14/02/2025
Publication Time 111 Days
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