The Future of Mobile Payments Free Essay Example, 2000 words

It is predicted that by the year 2017, every wireless technology that was being developed around 2007-2011 would become quite common, and would be taken for granted later on, such as mobile e-mail, Wi-Fi systems, and Digital Broadcasting (Saunders, 2007:182-183). At the moment, everything that can be supported by the mobile phone is being explored, such as mobile internet, television, bill payments, and the like. In the future, these and more will be the norm, thus the need to exchange even more data in the network, such as personal information, photos, among others, as part of a community-built database (Cortizo et al. 2011). The main objective of the paper is to explore the functions of one of the developments related to telephone technology which is the Pay-by-Phone technology in the UK. With the introduction of Pay-by-Phone in the U. K. for ease of payment, currently being assessed is the use of mobile phones as electronic wallets, the possibilities they pose for customers, and their impact. The aim of the study is achieved through the presentation of the different technologies related to the Pay-by-Phone innovation and the reaction of the public. We will write a custom essay sample on The Future of Mobile Payments or any topic specifically for you Only $17.96 $11.86/page