Mascara
Mobile financial services, also referred to as mobile money, mobile payment, mobile banking, mobilemoney transfer and mobile wallet generally refer to payment services operated under financial regulationand performe from or via a mobile device.
Although financial institutions and credit cardcompanies have implemented solutions [1] that provide mobile access to their services, in 2011, a number ofmobile communication companies, such as mobile network operators, major telecommunications infrastructure and handset multinationals such asEricsson[2][3] and Internet companies such as Google[4]announced their entrance to mobile payments.
Mobile payment is an alternative payment method. Instead of paying with cash, cheque or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods such as: * Music, videos, ringtones, online game subscription or items, wallpapers and other digital goods. * Transportation fare (bus, subway or train), parking meters and other services * Books, magazines, tickets and other hard goods.
There are four primary models for mobile payments: * Premium SMS based transactional payments * Direct Mobile Billing * Mobile web payments (WAP) * Contactless NFC (Near Field Communication)
Additionally there is a new emerging model from Haiti: direct carrier/bank co-operation.
Mobile payment is being adopted all over the world in different ways [5][6]. Combined market for all types of mobile payments is expected to reach more than $600B globally by 2013,[7] which will be the double of the current figure,[8] while mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, is expected to exceed $300B globally by 2013.[9]
Some mobile payment solutions are also used in developing countries formicropayments.[10]
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Premium SMS/USSD based transactional payments
The consumer sends a payment request via
Although financial institutions and credit cardcompanies have implemented solutions [1] that provide mobile access to their services, in 2011, a number ofmobile communication companies, such as mobile network operators, major telecommunications infrastructure and handset multinationals such asEricsson[2][3] and Internet companies such as Google[4]announced their entrance to mobile payments.
Mobile payment is an alternative payment method. Instead of paying with cash, cheque or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods such as: * Music, videos, ringtones, online game subscription or items, wallpapers and other digital goods. * Transportation fare (bus, subway or train), parking meters and other services * Books, magazines, tickets and other hard goods.
There are four primary models for mobile payments: * Premium SMS based transactional payments * Direct Mobile Billing * Mobile web payments (WAP) * Contactless NFC (Near Field Communication)
Additionally there is a new emerging model from Haiti: direct carrier/bank co-operation.
Mobile payment is being adopted all over the world in different ways [5][6]. Combined market for all types of mobile payments is expected to reach more than $600B globally by 2013,[7] which will be the double of the current figure,[8] while mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, is expected to exceed $300B globally by 2013.[9]
Some mobile payment solutions are also used in developing countries formicropayments.[10]
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Premium SMS/USSD based transactional payments
The consumer sends a payment request via