Gartner defines mobile payments as transactions involving a mobile phone and payment instruments, including:
- Banking instruments such as cash, bank account or debit/credit card and
- Stored Value Accounts (SVA), such as a transit card, gift card, Paypal or mobile wallet
And exclude transactions that use:
- Billing from a mobile operator through a telecommunications billing system without integration with the bank's payment infrastructure, or
- Telebanking with a mobile phone to call a service center through an interactive voice response system (IVR). However, IVR used in conjunction with other mobile channels, such as Short Message Service (SMS) or Structured Unstructured Data (USSD), is included.
Literal Meanings of Mobile Payment
Meanings of Mobile:
Kinetic sculpture or decorative arrangement of hanging objects such that they can move independently of each other.
Internet access via mobile devices.
Something that can move.
Movable, especially on wheels.
Family member or through a mobile phone agency.
Characterized by extreme levels of fluidity, movement or flow with great freedom.
Easily irritated by constantly changing irritable feelings, intentions, or directions.
Change of appearance and expression under the influence of the mind.
Can move, agitated or agitated, and capable of spontaneous movement.
A mobile phone connects to the telephone network by transmitting radio waves.
Sentences of Mobile
There are many business opportunities in the mobile space.
Mercury is a mobile liquid.
Synonyms of Mobile