Synopsis of Mobile Payments in Australia

by Harsh Hingorani 0

Synopsis of mobile payments

What are Mobile Payments?

A payment, defined as a transfer of funds in return for a good or service, where the mobile phone is involved in both the initiation and confirmation of the payment. The location of the payer and supporting infrastructure is not important: he may or may not be ‘mobile’ or ‘on the move’ or at a Point of Sale (PoS); the payment may be processed by plastic cards or by a prepaid wallet.

Quick facts about mobile usage in Australia:

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