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A mobile payment system is the ability to transfer funds and/or pay or receive money, using your mobile phone.
The mobile phone is simply the medium or to better phrase it, your interface to the payment system.
In most instances, you would either be running an app on your phone, which is then tied to some payment instrument (credit cards, debit cards, banking account, etc.) or you might have a payment service provider who is able to work with your cellular company to provide portable credits, i.e. the credit balance on your phone is able to transfer balance.
In branchless banking, the mobile is the bank. It allows you to do all sorts of payment activities using the mobile phone.
Angie Heaney
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What is mobile payment system?
A mobile payment system is the ability to transfer funds and/or pay or receive money, using your mobile phone. The mobile phone is simply the medium or to better phrase it, your interface to the payment system. In most instances, you would either be running an app on your phone, which is then tied to some payment instrument (credit cards, debit cards, banking account, etc.) or you might have a payment service provider who is able to work with your cellular company to provide portable credits, i.e. the credit balance on your phone is able to transfer balance. In branchless banking, the mobile is the bank. It allows you to do all sorts of payment activities using the mobile phone.
Payment center for boost mobile number?
233, 611
How do you get runescape membership paying through mobile?
When you reach the payment methods, pay through mobile is one of the choices.
What is the name of the mobile payment service project launched by Twitter's co-founder Square?
The Seglum project.
What type of products can be found at Moneris Solutions?
Moneris Solutions is one of the biggest payment transaction processors in the US. They offer payment processing to all sorts of businesses including payment terminals, mobile payment apps, e-commerce shopping carts and loyalty schemes.
Who needs to pay a mobile phone tariff?
Anyone using a mobile phone needs to pay a mobile phone tariff. The tariff comes in the form of payment when one purchases Pay As You Go, Contract and SIM, etc.
Why won't my virgin mobile phone work with zong?
Your Virgin Mobile phone won't work with Zong because it may require a short code. Virgin Mobile is best known for having prepaid cellular phones and does not work with different mobile payment websites.
I want to buy mobile on installment payment where can I get it?
You asked a very good question. You can find answers to the list of questions in the Decisionpoint on the online payment industry on Quantmat http://goo.gl/oOpYgX
Can a mobile be used for payment?
Yes, most certainly. The only caveat being, that the provider for payment services has an app for your phone and is also serving the geographic area where you have your cellphone plan.
What is oxicash?
OxiCash is a payment platform that enables mobile users in India to use their mobiles as wallets to pay for the services like mobile recharges, DTH TV recharges, electricity bills, movie tickets, rail tickets , air tickets, hotels etc. PayTM is also one such payment platform.
What services are offered by Prizm?
Prizm offers many card services at the ATM and Point of Sale. Prizm is also investing in mobile payment services such as swipe payment via phone or online banking.
What are the Difference between a payment gateway and a payment portal?
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or IVR service) and the Front End Processor or acquiring bank. When a customer orders a product from a payment gateway enabled merchant, the payment gateway performs a variety of tasks to process the transaction.If you're confused about ecommerce or looking for a one stop payment processing and merchant account solution, check out Payleap.
