Abstract:
Mobile Commerce is growing rapidly, and it is gaining vast acceptance amongst
numerous sections of society. This progress can be traced back to technological and
demographic developments which have influenced important aspects of the sociocultural
behaviour today. Wireless mobile technologies provide the ability to freely
share and access information anywhere and anytime. These abilities extend to
electronic commerce systems which allow end users to initiate and participate in
electronic transactions over wireless channels. Mobile payment is expected to become
one of the most significant applications in mobile commerce. The issue of security has
emerged as a major inhibitor of mobile payment acceptance. The perception of security
in mobile payment procedures by the customer is one major factor for the market
breakthrough of such systems.
