Mobile Payment Systems and Services: An Introduction

Publication Type:
White Paper

Published / Updated:
Jan. 11, 2011

Mobile payments, also known as m-payments, may be defined as any payment where a mobile device is used to initiate, authorize and confirm an exchange of currency in return for goods and services. Mobile devices include mobile phones, PDAs, wireless tablets and other devices that can connect to mobile telecommunication networks. Mobile payments can be an alternative to cash, checks, credit cards and debit cards, and can make possible new opportunities for commerce convenience.

Download this white paper for an overview of mobile payment technology and considerations for implementation of mobile payment services. Topics discussed include:

  • Characteristics of successful mobile payment systems
  • Bank account based M-payment
  • Credit card based M-payment
  • Telecommunication company billing of M-payments
  • Short Message Service (SMS)
  • Unstructured Supplementary Services Delivery (USSD)
  • Wireless Application Protocol/General Packet Radio Service (WAP/GPRS)
  • Phone-based application (J2ME/BREW)
  • Sim-based application
  • Near Field Communication (NFC)
  • Dual chip
  • Mobile wallet

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