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.

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