Wikipedia | Mobile payment
- 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.
- 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 has been well adopted in many parts of Europe and Asia. Combined market for all types of mobile payments is expected to reach more than $600B globally by 2013, which will be the double of the current figure, while mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, is expected to exceed $300B globally by 2013.
Credit Card Reader On Your Phone.
Google to Buy Motorola Mobility
In a bid to strengthen its mobile business, Google announced on Monday that it would acquire Motorola Mobility Holdings, the cellphone business that was split from Motorola, for $40 a share in cash, or $12.5 billion. The offer — by far Google’s largest ever for an acquisition — is 63 percent above … [Read More...]
Google Unveils eWallet
Google launched its new mobile service, eWallet on Thursday May 26th at a ceremony held in New York with its partners, the main one of which was MasterCard. This system enables users to turn their mobile phones into smart credit cards. Now you can make credit card transactions by just swiping their … [Read More...]
App turns iPhone into a credit card terminal
As if phones didn’t already do enough, one of the latest mobile apps transforms iPhones and iPod Touches into portable charge card terminals. ProcessAway plugs into Authorize.net’s payment processing platform, allowing entrepreneurs to accept credit card payments anywhere they can access the … [Read More...]
Visa Introduces a Credit Card on a Phone
Visa is introducing a cellphone payment system that is more than sticker-thin. The service is currently available only in Malaysia, but it will be expanded to other countries in coming years. Like some phone payment schemes already used in Japan, the Visa service uses a chip on the phone to … [Read More...]
