Mobile payment is new and rapidly-adopting alternative payment method – especially in Asia and Europe. Instead of paying with cash, check or credit cards, a consumer can use a mobile phone to pay for wide range of services and digital or hard goods such as:

    * Music, videos, ringtones, online game subscription or items, wallapers and other digital goods.
    * Transportation fare (bus, subway or train), parking meters and other services
    * Books, magazines, tickets and other hard goods.

There are four primary models for mobile payments: