Mobile payment refers to payment services performed via mobile devices and includes mobile money transfer and mobile wallets. In 2012, Ericsson partnered with Western Union to expand direct operator billing and connect the growing m-commerce market with traditional financial services. In Kenya, mobile money transfer first became popular through a major company's initiative, allowing people to transfer funds through mobile phones. India has a similar immediate payment service for instant interbank mobile money transfers.

1. M -COMMERCE
MOBILE MONEY TRASFER

2. MOBILE PAYMENT
Mobile payment also referred to as mobile money
transfer , and mobile wallet generally refer to
payment service operated under financial
regulation and performed from or via a mobile
device.

3. Mobile Payment –Direct operator billing
In 2012 Ericsson and expand the direct operator billing
market it possible for mobile operators to include
western Union Mobile financial service offerings. Given
the international reach of both companies the
partnership is meant to accelerate the interconnection
between the m- commerce market and the existing
financial world.

4. Mobile Money Transfer
In Kenya money transfer is mainly done through the use
of mobile phones. This was an initiative of a multimillion
shilling company in Kenya. Mobile money transfer
services in Kenya are now provided an the oldest has
and is now generally used to refer to mobile money
transfer services even by other companies other than.

5. Immediate Payment Service
Immediate payment Service is an interbank
electronic instant mobile money transfer
service through mobile phones in India.

6. Thank You
Harshdeep kaur
Marketing Executive