Mobile Payments

Mobile payments, can also be thought of as a mobile wallet, is set to become a common method for people to purchase goods. Rather than paying with a check, cash, or even credit/debit cards, the client will be able to use his/her mobile phone to pay for goods and services such as:videos, music, games, and other digital services

• bus/train tickets and other modes of transportation

• magazines, books, literary works, and other tangible goods

Although mobile payments are not very common, there are four models that are likely to be developed into final products. They areSMS transaction payments

• Direct Billing

• WAP

• Contactless

It may be beneficial to include mobile billing in your business because it should increase your customer base down the line.