Mobile paymen

Mobile payment, also known as mobile phone payment, which allows users to use their mobile terminal (usually mobile phone ) to consumer goods or services to accounts to pay a service method. The mobile payment value chain including mobile operators, payment service providers ( such as banks, such as bank ), application providers ( bus, campus, public utilities and other ), equipment providers ( terminal manufacturers, card providers, such as chip provider ), systems integrators, businesses and end users. Mobile payment is mainly divided into near field pay and remote payment two, called near field pay, is the use of mobile phone card way car, buy things, very convenient. Remote payment means: by sending payment instructions ( such as Internet banking, telephone banking, mobile phone payment ) or by means of payment instruments ( such as by post, remittance ) for payment, such as a pay out palm calls recharge, palm, palm video belongs to the remote payment. Currently pay no unified standard to the related promotion caused much confusion. Mobile payment standards work has lasted more than three years, mainly silver and China Mobile two camps in the game.

Business introduction

Mobile payment service is provided by mobile operators, mobile application service provider ( MASP ) and financial institutions jointly launched, built on the mobile operation support system to a mobile data value-added service application. Mobile payment system for each user to establish a mobile phone number associated with the account, the function is equivalent to the electronic wallet, mobile users to provide a through mobile phone payment transaction and authentication way. The user through the phone, send SMS or using the WAP function to access the mobile payment, mobile payment system will be the transaction request is transmitted to the MASP, by MASP determine the transaction amount, and through the mobile payment system to notify the user, in the user confirmation, payment through a variety of ways, such as to a bank, telephone users bill or live in special prepaid account debit, these will be the mobile payment system ( or between the user and the MASP Bank of the host system to accomplish collaborative ).