Mobile Commerce and Mobile Payment

Mobile devices are gaining popularity day by day. In particular, smartphones are generally an excellent option for digital financial transactions, digital shopping, and payment, as consumers always have their device/ mobile phones to hand and are very familiar with them.

Today we are talking about mobile commerce and mobile payment.

Most people think that mobile commerce and mobile payments are the same or “they are the same with slight differences.”

Are Mobile commerce and mobile payment different or the same?

Consider the following

1] you are buying something online but pay cash on delivery. {Mobile commerce}
2] you are buying something from a store and paying via mobile. (to get those rewards) {Mobile payment}
3] you are buying online and pay online {Mobile Commerce and mobile payment}
These examples are precisely why many of us are confused by both terms.

What is mobile payment?

Mobile payment generally refers to payment services managed under financial regulation & performed from or through a mobile item.

By choice of paying with cash, cheque, or credit cards, a client can use a mobile device to pay for a broad range of services and digital or hard goods.

Types of mobile payment:

  • (Near field communication) payments
  • QR code payments
  • (secure magnetic transmission) payments
  • Mobile wallets
  • Mobiles as credit card terminals
  • Mobile web-based payments

What is mobile commerce?

Mobile commerce can be defined as buying and selling goods and services via mobile devices.

Many people think of Mobile Commerce as meaning “a retail outlet in your customer’s pocket.”

Types of Mobile Commerce:

  • Food delivery apps
  • Restaurant booking apps
  • Ticket apps
  • Retail store apps
  • Social apps
  • Gaming apps (in-game purchase)
  • Banking apps

Mobile Payment Service Provider Model:

There are four potential mobile payment models:

  1. Operator-centric model
  2. Bank-centric model
  3. Collaboration model
  4. Peer-to-peer model

Mobile Commerce Payment Methods:

  • Contactless payment
  • Premium-rate telephone numbers, which apply charges to the consumer’s long-distance bill
  • Mobile-Operator Billing permit charges to be added to the consumer’s mobile telephone bill, including subtraction to pre-paid calling plans.
  • Credit cards & Debit cards
  • Micropayment services
  • Stored-value cards



Wherever any material is quoted as sourced from the published text with publishing rights vested in an individual, it is stated that it is a pure quotation and has no intention to claim it as our own.

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