connected to your mobile plan they conduct transactions via text message there is also a growing number of other providers whether global players for worldwide payments like google pay or pay pal or wallets for certain countries and currencies like hourly pay in china or paycheck am in india. the main principle stays the same the wallets are for storing money. the balance usually comes from a bank account or credit card or is topped up in cash. paid by clicking a button scanning a q.r. code or with near field communication i use it mostly because they're really kind of because you can pay everywhere and anywhere with your mobile phone and it takes away the hassle of dealing with cash all thing with physical credit cards with mobile payments you can just get a q.r.