Not entirely, mobile payments mainly replaces your debit/credit card and in some cases your bank account (KongaPay App). they are payments initiated from your mobile device (PAYWITHCAPTURE, PAYATTITUDE, ONPOS.com.ng, etc). Mobile money is stored value in mWallets. It allows 2 way transactions sending and receiving. Transactions are tied to your wallet (PAGA, MPESA, VENMO are examples of mobile money)
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