Small Business Dictionary

Mobile Payments

Mobile Payments use mobile technology to make secure mobile commerce purchases using smartphones and other mobile devices. The primary ways to make Mobile Payments include SMS-based transactions, direct mobile billing, mobile Web payments, and Near Field Communications (swiping your phone near a Point-of-Sale terminal). Typical Mobile Payments purchases include ringtones, music, videos, online game subscriptions, transportation fares, parking meters, books, and movie tickets.