Essay --

E-wallethttp//articles.economictimes.indiatimes.com/2013-06-14/ word of honor/39976342_1_e-wallet-facility-airtel-money-flipkart Can e-wallet be used for retail consummations?Telecom companies go already started development e-wallet. For special recharges, you can pay by victimisation your current mobile balance.Mobile PaymentsIntroductionA mobile defrayal can be defined as the purchase of a growth or service by victimization mobile knell in the compensation process. This does not include related mobile financial run such as mobile banking and C2C transfers.According to a report of meshwork and Mobile Association of India (IAMAI)and market research firm IMRB international, mobile net profit users atomic number 18 going to cross 155 million mark in India by the end of March 2014 which marks growth of about 20 percent quarter-on-quarter. The exploitation of e-commerce along with the availability and convenience of net by high end smart prognosticates has incr salved t he viability of mobile hires in the late years. The mobile fee industry Already 80% of the mobile phone users realize access to the mobile internet and most of them be use them for performing commercial and financial effects in a look similar to PC-based internet connectivity.Customers acceptance of mobile payments procedures in the first place depends on Cost includes buying of a new mobile phone, bear transaction costs, fixed usage costs and the cost of the merchant (e.g., consolidation payment solution into the existing IT infrastructure)Security includes authenticity, integrity, confidentiality, non-repudiation of transactions besides inbred security in the perception of customerConvenience includes comfort and embossment of useMobile payment market segmentationMobile payment market ... ... billing is capped at US$50 per reader per month thereby limiting its use and reducing average transaction value.3. Payment acceptanceThis is primarily a merchant-focussed payment solution. Instead of use mobile handsets for payments, smartphone applications and other accessories are used to enable customers and merchants to accept payments. Here, smartphone or a tablet becomes the POS terminal. Most of these are magnetic stripe readers that are plugged to the audio jack of the smartphone/tablet. These are mainly targeted at minor and Medium (SMBs) scale business merchants. PayPal, VeriFone, Intuit and Square are the major(ip)(ip) players in this segment.Payment acceptance market is the most dynamically outgrowth space in the short term. Consumers benefit from the ease and convenience of devising card payments with the availability of this medium at multiple locations. Essay -- E-wallethttp//articles.economictimes.indiatimes.com/2013-06-14/news/39976342_1_e-wallet-facility-airtel-money-flipkart Can e-wallet be used for retail transactions?Telecom companies have already started using e-wallet. For special recharges, you can pay by u sing your current mobile balance.Mobile PaymentsIntroductionA mobile payment can be defined as the purchase of a growth or service by using mobile phone in the payment process. This does not include related mobile financial function such as mobile banking and C2C transfers.According to a report of earnings and Mobile Association of India (IAMAI)and market research firm IMRB international, mobile internet users are going to cross 155 million mark in India by the end of March 2014 which marks growth of about 20 percent quarter-on-quarter. The growing of e-commerce along with the availability and convenience of internet by high end smart phones has increased the viability of mobile payments in the novel years. The mobile payment industry Already 80% of the mobile phone users have access to the mobile internet and most of them are using them for performing commercial and financial transactions in a agency similar to PC-based internet connectivity.Customers acceptance of mobile pa yments procedures mainly depends on Cost includes buying of a new mobile phone, ask transaction costs, fixed usage costs and the cost of the merchant (e.g., integrate payment solution into the existing IT infrastructure)Security includes authenticity, integrity, confidentiality, non-repudiation of transactions besides natural security in the perception of customerConvenience includes comfort and ease of useMobile payment market segmentationMobile payment market ... ... billing is capped at US$50 per referee per month thereby limiting its use and reducing average transaction value.3. Payment acceptanceThis is primarily a merchant-focussed payment solution. Instead of using mobile handsets for payments, smartphone applications and other accessories are used to enable customers and merchants to accept payments. Here, smartphone or a tablet becomes the POS terminal. Most of these are magnetic stripe readers that are plugged to the audio jack of the smartphone/tablet. These are mainly targeted at petite and Medium (SMBs) scale business merchants. PayPal, VeriFone, Intuit and Square are the major players in this segment.Payment acceptance market is the most dynamically growing space in the short term. Consumers benefit from the ease and convenience of devising card payments with the availability of this medium at multiple locations.