Mobile payments and banking over the air
| Added: 01-06-2010 Author: Suresh Vidya Category: Cellular Phone |
← Back | ↓ Related | Home → |
Although, there is a traditional-based services, m-business applications can benefit existing financial institutions. The phone also can benefit from the service provider money and take advantage of a customer invoice relationships.
In the current market, there bank telephone number services in developing countries. For example,'s Safaricom M-plane (TM) phone service to transfer money has attracted more than 5 million users after kenya under two years of work. Other African provider, Rwandatel, is scheduled to launch mobile banking service to transfer funds in 2009.
Hand provisioning solutions are also supported in the transfer of international funds, primarily aimed at migrant workers in developed countries. For example, SingTel and StarHub in Singapore has a supply of foreign labor services that are targeted for many years.
A provider can evaluate the possibility of m-commerce and banking. Provider can be used as a bridge between the institution and the customer. In addition, regulators may become more worried and cautious about the possibility of fraud, especially related to the phone payment method. Force working with financial institutions and regulators can help influence service providers to exploit their strong brands and large retailers in their presence.
As service providers make it clear that banks just how close their relationship with their customers, may be strong enough proposition that commercial banks can view electronic payments as an opportunity than a threat to competition.
Link to this article:
Several similar information
Blackberry Mobile Phones and Nokia Mobile Phones - Too Good to Resist
Year: 18-05-2008 | author: Shefali Roy
Phone number lookup - how to track and discover the identity of any mobile
Year: 14-03-2010 | author: Alec McEachern
Compare mobile phone recycling site prices
Year: 12-03-2009 | author: Alan Llynch
2010 major sporting events on your mobile phone
Year: 09-04-2006 | author: Bill Jonson
How to keep your number when changing mobile phone operator
Year: 13-09-2011 | author: Charley Brown
Nokia 2720 fold - mobile phone of the past, today
Year: 21-10-2007 | author: Simon Drew
Top 5 most expensive mobile phones in the world
Year: 16-02-2009 | author: Peter Lin
Mobile insurance - safeguard your beloved gadget
Year: 05-02-2007 | author: Andrew J Peterson