Mobile Commerce The Next Big Leap In India

Mobile commerce is a new trend where any transaction with a monetary value is conducted in a wireless environment by using mobile devices.While shopping if you are short of money or while traveling you feel that you don’t have money to pay to the driver or at the filling station you need to pay the money and you find your wallet empty then what will you do? But now a days the help is on the way and that is mobile commerce. It has grown to large extent in the world but in India it is still confined to basic banking transactions, purchase of travel tickets and payment of some utility bills. But now banks, cellular operators and payment service providers are finding solutions that can comply with regulatory guidelines. This paper mainly describes the sectors where mobile commerce can be used and the future challenges that we need to face in India.

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