A mobile payment system is the ability to transfer funds and/or pay or receive money, using your mobile phone.
The mobile phone is simply the medium or to better phrase it, your interface to the payment system.
In most instances, you would either be running an app on your phone, which is then tied to some payment instrument (credit cards, debit cards, banking account, etc.) or you might have a payment service provider who is able to work with your cellular company to provide portable credits, i.e. the credit balance on your phone is able to transfer balance.
In branchless banking, the mobile is the bank. It allows you to do all sorts of payment activities using the mobile phone.
A mobile payment system is the ability to transfer funds and/or pay or receive money, using your mobile phone. The mobile phone is simply the medium or to better phrase it, your interface to the payment system. In most instances, you would either be running an app on your phone, which is then tied to some payment instrument (credit cards, debit cards, banking account, etc.) or you might have a payment service provider who is able to work with your cellular company to provide portable credits, i.e. the credit balance on your phone is able to transfer balance. In branchless banking, the mobile is the bank. It allows you to do all sorts of payment activities using the mobile phone.
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The banks are pivot of payment system means that they are very important as far as payment is concerned.
Global System for Mobile communicationsThe acronym "GSM" comes originally from the French language:Groupe Spécial Mobile
When you reach the payment methods, pay through mobile is one of the choices.
BancNet Payment System was created on 1994-05-06.
Advantage & dis advantage of iDEAL payment system
Bango provides the technology which facilitates payment systems online. It was first listed on the London Stock Exchange in 2005 and has offices both in the UK and the USA. It was founded in 1999 by Ray Anderson and Anil Malhotra.
Information about a Capital One Payment may be found through their online account interface, by automated phone system or by mobile app. A user will need their account number and pin number to access the information.
E-payment - is the electronic transfer of money from a person's bank account to pay a bill - without having to physically go into the bank or payees business. Common e-payments are:- mobile phone bills, utility bills and catalogue payments.
Advanced Mobile Phone System was created in 1983.