ii) USSD solutions - similarly effective are solutions that use unstructured service that is supplementary (USSD) and easy menus to provide mobile payment solutions. Bank mobile payment providers in Southern Africa have experienced the success that is greatest with USSD solutions. However as the initial leg associated with deal isn't encrypted or secure, many of these solutions have been restricted to "shut loop transactions" - where money is passed away between records or users at a bank that is single but not between banks. This is a constraint that is huge attaining widespread utilization of mobile payments as interactions is going to be confined to either the bank's own clients and away from network payments must be to cash. As all phones can use USSD, the clear answer can reach large target segments, so that as the USSD service does not require integration with all the SIM card, these solutions is launched with reduced participation of the MNO. Even though the MNO has to accept make the service available and also this is a problem in a few markets. In USSD solutions anybody can "play" and banks have tended become the champions. iii) GPRS/Java solutions - involving downloads. As noted above downloading solutions to an "enhanced" phone is quite a bit easier, plus an increasing amount of people have actually high quality phones, or soon has them. It is likely that many folks who are banked are in possession of phones that can handle such downloads. This business model could very well be the absolute most contestable due to the fact online application are from a bank, mobile community operator or just about any alternative party. The drawback stays that the solution is no more secure than accessing the internet, and also to compensate the provider for the associated danger transaction costs tend to higher. To be aware of fps and fast payment system, please go to all of our page fast payment system. You will find presently a lot more than 2.6 billion users that are mobile the planet, in line with the most recent figures from mobile telecomms analysis company The mobile phone World. 'The total number of mobile connections is currently equal to nearly a third regarding the calculated world populace of 6.5 billion, ' states Martin Garner, Director Wireless Intelligence. With all with this development happening within the marketing that is mobile marketing industry therefore many consumers global owning mobile phones, it is no wonder Google requested a Text Message Payment patent. The patent was requested on 26, 2006 september. Google is already pretty much set to launch a mobile phone later in 2010 and a mobile payment system is the rational additional action to take in order to really make the Bing Phone stick out amongst its competitors. People assert that a system like this would need a humongous user base to simply take really simply take down and that it simply won't get enough of a user base if it is exclusive to the GPhone. A fruitful launch of a phone that is mobile system would require this to function on every phone there is certainly. Well, there was one company now being added to the mix, that currently includes a tremendous advantage in this worldwide niche. That company is called MobillCash. MobillCash is the planet's first mobile phone Payment System where a customer needs just a mobile phone and nothing else to produce a purchase. It is a mobile payment system that has a individual base of over 500 million cellular phone users in 15 nations and allows those users to just enter their mobile phone quantity in the MobillCash billing kind to purchase your products. The consumer is going to be billed by the phone carrier that is mobile.