Other terms often referred to as mobile money, mobile money transfer, and Mobile-Digital Wallets.
Instead of Payment Transactions with cash, check, 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, it is only recently that the technology to support such systems has become widely available.
More Information#There might be more information for this subject on one of the following:
- Google Wallet vs Apple Pay
- ISO 18092
- Mobile-Digital Wallets
- Payment Transaction
- Phone Number Portability
- Web Blog_blogentry_030315_1