Mobile Payment Leads A New Age

Published:2010/10/13 2:42:00 Author:Michelle From:SeekIC

Have you ever imagined that one day you will pay what you bought with your cellphone and you will also use your cellphone to buy tickets? It is not a dream which will be realized in the near future. Therefore, consumers will enjoy large benefit from it.

In fact, mobile payment is not a very new thing. Early in the year of 2001, the concept has emerged in China but it is paid little attention. Since the Expo in Shanghai, this concept has been put forward officially by the government. Now, companies concerning telecom has been busy to build relations with the mobile payment industry. As a result, there is fierce competition which can be analyzed from many aspects. On one hand, this technology has completely met the demands of the current situation. On anther hand, it is a result of the market demands that promotes the development.

Mobile payment is relatively mature at the moment, though, there is a shortage of premises for its promotion. Besides, there is not a uniform in both the technique and the skills. There are mainly two ways of payment. One is the distance payment and the other is payment on the spot. Distant payment is easily accessed under the condition of GPRS terminal on your phone while the on-the-spot payment needs a little more time for perfection.

What is the future way of mobile payment? Specialists have predicted that only led by the government, will the industry have a clear way to develop. Furthermore, standards must be established to regulate the market to protect the rights of consumers. Related chip is:UA7390 .

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