Billing

Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history,[1] it is only recently that the technology to support such systems has become widely available.

Mobile payment is being adopted all over the world in different ways.[2][3] In 2008, the combined market for all types of mobile payments was projected to reach more than $600B globally by 2013,[4] which would be double the figure as of February, 2011.[5] The mobile payment market for goods and services, excluding contactless Near field communication or NFC transactions and money transfers, is expected to exceed $300B globally by 2013.[6]