Usage of remote M-Payment

Using your mobile phone for payments is a convenient and attractive idea, whether you are using it like a credit card, purchasing items over the Internet, or paying for mobile goods like ringtones and applications.

The term "mobile payment" is actually very broad, and refers to different payment methods involving your mobile phone. In emerging countries, services such as money transfer using a phone and the standard mobile network are taking off. In more developed areas like the United States, NFC (Near Field Communication) mobile payments are gaining popularity.

In any case, mobile payment is taking off worldwide. UK-based analyst firm Juniper Research said the availability of secure, easy-to-use payment applications and the growing realization of users that they can make e-commerce purchases by mobile will drive the value of payments for physical and digital goods from under $100 billion this year to $200 billion in two years (by 2012), and up to $300 billion by 2013.

Category:

Science & Technology

Tags:

• m-payment
• Gemalto
• JustAskGemalto
• mobile payment
• Internet