Analysis of the Critical Aspects of M-commerce and Mobile Payment Systems

Abstract

The fast spreading of wireless technology services are more focusing on businesses area rather than
targeting customers. Even now, this advancement in the mobile technology continues to bang the
international business market intensely, modern mobile technologies and their applications are more
focusing the mobile business area. Today, the world of electronic transactions is switching from E-
commerce to M-commerce. In order to solve critical issues in M-commerce it becomes vital to understand different concepts and technologies associated with M-commerce. The first part of this paper gives overview of M-commerce in terms of their characteristics, applications, and issues pertaining to it, including many critical issues such battery power consumption in M-commerce
transactions. Battery is one of the most important and scarce resources in mobile devices thus to extend the mobile devices battery lifetime, it becomes important to save the battery resource as
much as possible. The second part of this paper focuses on exploring various aspects of enabling
mobile payment systems, mobile payment modes and characteristics and the payments system
requirements.