Payment Strategies Showcases Advancements in Mobile Payment Strategies Showcases Advancements in Mobile

February 7, 2014

For many consumers, the thought of mobile payments and mobile wallets may seem abstract and daunting. In reality, mobile payments and mobile wallets are more accessible and easier to use than you imagine.  This vignette illustrates the convenience and utility afforded by a variety of currently available mobile payment and mobile wallet applications (apps) for everyday payments in the Boston area. 

The mobile apps use different types of technologies, including QR codes and near field communication (NFC), and can be used for various purposes, such as payment for food, beverages and other goods and services; ticketing for transit, airlines, movies, and sporting events; aggregation of loyalty programs; and easier tracking and redemption of rewards points, among other uses. 

View how members of the Federal Reserve Bank of Boston’s Payment Strategies team use their mobile phones to make purchases and reap the benefits of mobile payments at actual venues around Boston. 

See which of your favorite local retailers accepts mobile payments and how you too can get through your day with greater efficiency and convenience by paying with your mobile phone.