subject: Types And Advantages Of Mobile Payment Services [print this page] One of the cheapest forms of advertising is using the SMS text services. Mobile aggregators offer a host of solutions that allow you to send thousands of messages across different regions in no time. If you want to harness the power of such solutions, you can outsource mobile payments services from renowned online companies who can help you build your own messaging and billing services in the cloud through an API. Such services are definitely much cheaper and are guaranteed to fetch positive results as they can be used in various forms other than for mere advertising purposes.
What Is Mobile Payment?
Mobile payment refers to making transactions without the use of cash, in the sense it is a digital money transaction. The term is often used interchangeably such as mobile banking, mobile money, mobile money transfer and mobile wallet. By whatever name you choose to call, mobile payment is an alternative payment solution that allows you to pay for products and services using your mobile. You can use it to buy products from a store or transfer money to another account without writing a cheque or using cash. This is one of the safest and simplest ways of making financial transactions and you can do it from anywhere around the world and anytime. However, in order to pay by sms, you need to have certain applications installed on your mobile. These applications and solutions are available at leading online mobile aggregators who will provide you the access to a suitable platform of your own messaging and billing products.
What Are The Different Types Of Mobile Billing Services?
Mobile banking is gaining wide acceptance, especially by business owners, as it tends to save lot of time, money and labour which would otherwise be spent on performing cash transactions at specified locations. Even non-business people make use of mobile billing services for shopping and paying bills. There are different types of mobile banking facilities offered by mobile aggregators and they are; direct mobile billing, SMS transactions and mobile payments, WAP or mobile web payments and contactless near field communication. Your service provider will be able to advice the right solution after examining your business needs.
Advantages of Mobile Billing Services
Mobile banking allows you to perform different types of transactions. If you have the mobile banking facility, then you can do online shopping, online subscription, booking travel tickets, payment of electricity, telephone and mobile bills, payment to educational institutions, make credit card payment and even perform money transfer. The main advantages of using mobile payment services are that it is a safe way of banking as it can prevent fraud and thefts. It is very convenient and will not require any kind of additional software, hardware or registration. The payment process is very simple and transactions can be completed within couple of minutes.
by: Ferzaad Moosa
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