With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social interaction as well as payments for everything from theater tickets to groceries in a single huge app.
Mobile payments are a key component of a smooth user experience. To prevent shopping cart abandonment, online retailers must have the ability to offer customers the most familiar payment options for each market.