8 Mobile Payment Solutions Free from Malware and Cyberattacks

by January 5, 2017 0 comments

There are innovative mobile payment platforms, social peer-to-peer payment apps, digital wallets, payment apps for wearable devices, and alternative payment systems for mobile customers of which consumers and the merchants are not aware of.

India witnessed a huge financial strains from the demonetization policy of current government that banned the old currencies of Rs, 500 and Rs. 1000. With this economical strain there is a hefty augmentation of digital payments and with this escalation there are also malware and cyberattacks in the ATMs, micro-ATMs and in the digital wallet websites like Freecharge, Paytm etc.

Therefore, let’s check out some of the latest and innovative mobile payment solutions, which are free from malware and cyberattacks and also easy to use.

Apple Pay

Apple Pay is Apple’s mobile payment system. It uses near field communication (NFC) technology. Apple Pay allows in-store customers to pay by holding an iPhone or Apple Watch (and tapping the side-button) to a contactless reader. Apple Pay can be secured using the Touch ID fingerprint sensors in iOS devices to approve transactions.

Apple Pay’s biggest impact so far has been its widespread adoption, leveraging the popularity of the iPhone. Apple Pay launched mobile payments in the U.S. last October, with six major card-issuing banks, American Express, MasterCard, Visa, and 220,000 locations. At its Spring Forward event, Apple CEO Tim Cook announced that 2,500 banks now support Apple Pay, as well as 700,000 merchant locations. If the Apple Watch finds similar traction, mobile payments from wearable devices may become commonplace.

Google Wallet

It is Google’s mobile payment system for in-store and online payments. The NFC system allows users to store credit and debit cards, as well as loyalty and gift cards. It allows merchants to run loyalty programs and distribute offers. Google Wallet’s Gmail integration even allows users to send money through Gmail attachments.

Recently, Google announced that funds in Google Wallet will be FDIC-insured, securing its system with the same federal protection held by banking institutions. As non-banking entities, mobile payment apps are not required to be federally insured. As a result, consumers are essentially providing unsecured loans to companies that may not be financially secure. Google’s action could be an essential step for a reliable mobile marketplace.


It is a mobile peer-to-peer payment system now owned by Braintree, a PayPal unit. Popular with millennials, Venmo says it is the app that has made payments social. Pay anyone with a phone number or email, whether or not he has Venmo. Pay instantly using money you have in Venmo, or link a bank account or debit card in seconds. There is a 3 percent fee per payment for credit cards and non-major debit cards. Receiving money on Venmo is always free.

Facebook Messenger

In March, Facebook Messenger announced a new feature for peer-to-peer payments. To send money, users simply tap the $ icon and enter the amount to send. Add a debit card to send or receive money. The money you send is transferred right away. The feature is another example of the increasingly social side of mobile payments.



Square Cash

It is Square’s peer-to-peer solution to exchange money electronically. It’s a convenient way for groups to divvy bills, and send and receive payments. For businesses, it’s a lightweight solution to accept debit card payments and an alternative to the full Square Register. With Square Cash for personal use, there’s no fee to send, request, or receive money. Payments are deposited directly to your debit card. The Cash Pro account allows businesses to accept payments through the mobile app, online or via email.


Another payment app popular with millennials, Tilt combines peer-to-peer payments with crowdfunding. Users create a project and set the amount needed. Contributors pay the organizer, and the organizer tracks who has and hasn’t paid. Collect from a group for free, or sell items for a 2.5 percent fee. Companies can also use Tilt Open for open-source crowdfunding pages and the Tilt API to add crowdfunding or group payments to an application.


It is an alternative payment platform that allows individuals or businesses to send, request, and accept money — without relying on credit or debit cards. Pay or request payments via email, phone number, or Dwolla ID. Dwolla offers mobile apps for iOS, Android, and Windows Phone. Dwolla connects to a bank account and allows people to move money at a very low rate — just $0.25 per transaction or free for transactions $10 or less.


It is a Bitcoin wallet, providing a secure and convenient way to store and use Bitcoins. The Blockchain wallet provides an encrypted solution to store the pioneering digital security. The Blockchain wallet also helps consumers discover local businesses that accept Bitcoin. Blockchain.info provides data on recent transactions, mined blocks in the blockchain, charts on the Bitcoin economy, and statistics and resources for developers. The platform has successfully processed over $13,000,000,000 in transactions.

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.