To Make Mobile Payments Popular

Mobile Financial Services

Mobey Forum has released a white paper explaining the role of various technologies in developing the mobile financial services. It demonstrates how to popularise proximity payments through mobile phones by including different types of secure elements in the financial services. The global forum, whose mission is to facilitate banks offering mobile financial services, feels that lack of understanding about the new technologies, is preventing the financial industry from using mobile phones as a mode of making payments.

According to the white paper, "It has been proven that the technology works and [that] consumers love it".  Hence, a collaborative effort from the financial institutions, mobile operators, handset manufacturers and other companies is required to create future of mobile financial services. The paper also suggested various schemes that the financial intuitions need to adopt in the process such as, deciding a role in the mobile financial services value chain and identifying the right kind of business models, selecting suitable type of secure element technology for deployment etc.

Make Cheap International Calls from Mobiles

The white paper recommended a common system for all GSM handsets and use of RFID stickers on the mobile phones to access a phone application over a Bluetooth connection. It believes that by embedding an "active sticker" on a mobile phone and upgrading the phone with some software users can use their existing mobile to make proximity payments. However, the sticker, which was demonstrated last year is no longer in use, neither the company's website provides any information about it.

Consumers have to make hassle free international calls now as there is no hidden charge for calling. Consumers can pay call bills through their mobiles also. Make cheap international calls but before making cheap international calls make sure that you know the complete process. 

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