M-Commerce: The Trend of Mobility

Researches on mobile technology introducing new services to fulfill the growing demand of mobility in today’s world. One of the attractive services developed with support of mobile technology in recent years, is providing banking and financial services. Applications in this are includes buying over phone, purchase and redemption of ticket and reward schemes, travel and weather information, and writing contracts on the move. These types of mobile applications are categorized as m-commerce [3]. There is significant and growing demand on deploying banking and financial services over mobile networks.

M-Commerce applications are very useful for mobile users in many ways. Any user with a mobile phone can access m-commerce application in real time at any place. Also mobile device provide security into some extent than online business because SIM card can be used to store confidential user information. Also it can be develop to provide local information services by localizing registered users within a specific area with the help of positioning techniques such as GIS/GPS technologies. But there are some limitations such as mobile devices provide limited capabilities (such as limited memory/display etc) and communication through the wireless mobile network introduce additional security treats. (e.g.: eavesdropping)

In fact, m-Commerce has potential to address a major service gap in developing countries that is critical to their social and economic development. However the success of m-commerce very much depends on the security of the underlying technologies.