Personalized service

Minimal learning curve

Trust, privacy and security

Ubiquitous - anywhere, anytime and any currency

Low or zero cost of usage

Interoperability between different network operators, banks and devices

Anonymity of payments like cash

Person to person transfers

b) To meet the following expectations of Merchant: -

Faster transaction time

Low or zero cost in using the system

Integration with existing payment systems

High security

Being able to customize the service

Real time status of the mobile payment service

Minimum settlement and payment time

c) To meet the following expectations of Telecom Network Providers: -

Generating new income by increase in traffic

Increased Average Revenue Per User (ARPU) and reduced churn (increased loyalty)

Become an attractive partner to content providers

Next

* Contributed by: -
Prof. Pooja S. Kushwaha is a Science Graduate, has 2-Years Advance Diploma in IT from Regional Engineering College, Jaipur, cleared 'O' Level from DOEACC, M.C.M, M.C.A. Presently working as Faculty - Information Systems at ICFAI Business School, Indore. She has presented various research papers in different conferences & seminars, and also published the same in national journals.
Article posted on October 26, 2008.