subject: Uses And Benefits Of Mobile Payments [print this page] Mobile innovation has not only bridged the communication gap, but allows individuals, private and public industries to perform several tasks. Irrespective of which sector you are in, wherever you are in the world, you can put messaging at the helm of your business. Reputed mobile aggregators are directly connected to mobile operators worldwide to bring together a variety of mobile payments, credit card billing, plug-and-pay solutions, IVR billing, etc with easy integration and flexible options. For bespoke applications, choose a full-featured API to give you unparalleled access to a platform of your own mobile billing products and SMS messaging.
About Mobile Payments:
Mobile payment is known by several names such as mobile money transfer, mobile money, mobile wallet and mobile banking. The term mobile payment refers to an alternative payment method in which payment services are performed with the help of a mobile device. In simple terms, instead of making a credit card, cash or cheque payment, you can use your mobile to pay for a wide range of products and services. Online companies, credit card companies, financial institutions, mobile operators, etc have already been making use of mobile payment solutions. However, today, the benefits of mobile banking have been recognised by everyone around the world and hence it is gaining wide acceptance in almost all sectors.
Types and Uses of Mobile Payments:
Mobile Aggregators offer different types of mobile banking facilities and depending upon your requirement you can choose to use any one of the methods. The four primary models for mobile banking are
Direct mobile billing
SMS based transactions and payments
WAP or mobile web payments
Contactless near field communication
Mobile payment allows you to carry out most of the transactions from anywhere without the exchange of cash or cheques. You can pay for a wide range of services such as
Online shopping, online subscription, shopping for digital goods, music, videos, ringtones, wallpapers, etc.
Purchasing air tickets, train and bus tickets
Purchasing magazines, books, retail goods, etc.
Mobile recharges, money transfer, credit card payment, etc.
Benefits of Mobile Banking:
Mobile banking is being adopted all over the world because of the convenience it offers. Reputed online mobile billing operators offer wide range of customized mobile banking solutions that are convenient to use. Some of the other benefits of mobile billing are; it is
Quick: You can complete transactions within few seconds
Easy: No complex keying in is involved
Secure: Prevents theft and fraud
Convenient : It does not require any additional software or registration
Mobile payments are simply a one click payment method and a logical alternative to direct cash payment or credit card billing. It is a digital cash transaction that eliminates all hassles of theft and fraud which is otherwise involved in traditional financial transactions.
by: Ms.Laura Wilson
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