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Thursday, July 3, 2008

Mobile Payment System in Malaysia


Mobile payment is a point-of-sale payment made through a mobile device, such as a cellular telephone, a smartphone, or a personal digital assistant (PDA). Using mobile payment, a person with a wireless device could pay for items in a store or settle a restaurant bill without interacting with any staff member. The earliest mobile payment trials were based on the wide area network (WAN) used for cellular phones. That meant, however, that users had to pay cell phone charges to make a payment, and also had to punch in long sequences of digits each time.



Mobile Money is a PIN-based Mobile Payment Solution designed by Mobile Money International Sdn Bhd. When mobile money comes to online selling, selecting a payment gateway is one of the major obstacles faced by the merchants in Malaysia. Mobile money will encourage more consumers to shop online. This will definitely be a great boon to the e-commerce industry in Malaysia. It will surely encourage more merchants to adopt online selling as an extra sales channel which complement perfectly with their offline sales channel to help them sell more of their goods and services. Realizing these needs of merchants in Malaysia, we are the 1'st shopping cart software provider who has integrated Mobile Money as a payment method in our webShaper e-commerce software.
Mobile payment system have lots of benefits for consumers such as:
-sell to Anyone, Anywhere at Anytime
-no minimum monthly transaction
-no rental fee
-no merchant account required
-super Low transaction fee at 1.5%
-safe and secure, Low signup fees
-get paid super fast
-multi methods to request for payment
-refund and reversal features
By informing consumers about the benefits of mobile payment system, it will increase their confidence to this technology product and more people will use the system for payment purposes.

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