Global Mobile Payments

Content is king and information is power.want the convenience of paying by phone.
Internet users have an insatiable desire for content.It is a winning proposition for all parties. In Europe, Asia,
Buyers want the content fast and easy. All internetMiddle East, and Pacific Rim, networks are rallying
buyers have mobile phones. Mobile payments are fastaround the open network concept.
becoming a great way for them to make payments.In the US, the cell phone networks are still stumbling
Merchants have content and want to sell it in thewith the mobile payment model. While they all
easiest and quickest manner possible. They viewrecognize the opportunities in mobile payments, a few
mobile payments as a way buyers throughout theof the big players still think they can profit from a
world can access inexpensive content.closed network system.
Mobile phone networks want more money. Rates forUntil all the big companies come on board, mobile
cell service are dropping. Where are additionalpayments in the US will lag behind the rest of the
revenues going to come from?world. But, it's inevitable US mobile phone networks will
After years of trying to keep their networkssoon join the world wide mobile open network
proprietary, cell phone networks throughout the worldmovement.
are finally moving to an open network business model.Consumers will want to pay by cell phone. Merchants
It makes good business sense. The mobile networkswill demand it as a payment option. And the mobile
increase data usage revenues. Plus, the companiesnetwork company coffers will scream loudly to be
grab a slice of the fees from their customers whofilled.