Mobile Payment System (MPS) is a point-of-sale payment made through a existing mobile device, such as a cellular telephone, a smart phone, or a personal digital assistant (PDA). There is NO installation needed to start using this new attracting method of making payment. Payment transaction is as easy as sending an SMS. Using m-payment, a person with a wireless device could pay for items in a store or settle a bill without interacting with any staff member. Mobile payment can be used to purchase any number of digital or hard goods, such as Music, video, called ring-tones, games, wallpapers, books, magazines, tickets and so on. Now a day, mobile payments even can easily handling hotel and restaurant reservation.
Beneficial of M-payment:
- User friendly
- Convenient, any where, any time
- handling in high speed
- Save time & effort
- Safe & secure
- Avoid fraud problem
- Reduce transportation problem
The most famous mobile payment system in Malaysia is Mobile Money Wallet (MM Wallet). Mobile Money or MM Wallet is one of the online payments. MM Wallet is a new feature from Mobile Money that will turn your mobile phone into an electronic wallet. It brings you superior convenience that allows you to shop cash-free, making remote payment & send money with SMS.
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