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Best mobile payment apps in 2023

The old phrase "cash is king" is slowly fading away, with mobile payments being ushered in.

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The best smartphones control a lot of our lives these days, and that includes our finances. With banking apps, investment apps, and cryptocurrency apps right on our phoness, it's easier than ever to get started with financial planning. But even easier than that is paying friends, family members, and sellers with mobile payments. Some of these apps are services built right into your phone's operating system, while others are third-party solutions.

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PayPal and Venmo iOS apps will soon support Apple's Tap to Pay service

Apple's Tap to Pay service is gaining more support, with PayPal and Venmo hopping on board, adding support to their respective apps.

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Apple unveiled its Tap to Pay service on iPhone towards the beginning of the year. The service allowed merchants a new and easy way to take contactless payments simply by using a compatible iPhone. The service is supported by major networks like American Express, Discover, Mastercard, and Visa. Now, the platform is gaining more support, with PayPal and Venmo iOS apps soon offering support for Apple's Tap to Pay service.

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Amazon begins accepting Venmo as a payment option

Starting today, Amazon will accept Venmo as a payment option, giving shoppers a new way to pay.

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Today, Amazon announced that it would begin accepting Venmo as a payment option. The payment option will be available using the Amazon.com website and its mobile app for iOS and Android. If you don't see the option yet, Amazon does state that it's in the process of rolling it out, but it should be available to all Amazon customers in the United States by the time Black Friday hits.