Mobile Payments / Mobile Commerce

New mobile payment technology and applications are being deployed everyday around the world. Learn all the latest trends on MobilePaymentsToday.com

M payment is a subset of mobile commerce that provides a means of micropayment to facilitate mobile commerce transactions. Mobile payment is a method of mediating or transferring funds directly from a payer to a payee using a mobile device (Mallat 2007). There are two types of remote payment and short distance payment. Remote payment includes banking and mobile Internet payment services. Proximate payment means to contact RFID (Radio Frequency Identification) and NFC (Near Field Communication) (Nhou 2013) via mobile phone. M - pay services include digital content such as ring tones, games and pictures, parking fees, fare for public transportation, tickets (Kim et al. 2010). Currently, some supermarkets, restaurants and gyms also support M payment models (iResearch 2011). In addition, the total number of mobile payment users in the world will reach 384 million by 2015 (Deloitte 1 2012).

Mobile commerce or mobile commerce generally refers to a secure transaction performed wirelessly by a mobile phone and mobile payment or mobile payment refers to a secure transaction made by a mobile phone in a near or real environment. The term mobile currency or mobile currency is used primarily to denote payments from individuals to individuals within or across borders. To refer to the use of mobile phones in reality and virtual environments to securely enforce all personalized transactions related to financial, retail, health, education, or government applications, the general term "mobile transaction" Or "mobile transaction" will be introduced.

Mobile Commerce: In mobile commerce applications, we use mobile phones for financial transactions. This usually means paying items electronically or moving funds. Transfer of funds between accounts and payment of purchase fee is an e-commerce application. The development of other areas of the mobile world is aimed at new applications of e-commerce, such as dual-socket telephones and other smarter terminals, as well as more standardized protocols that allow for greater interactivity and thus more complex services .