Mobile_Money

Mobile_Money - Mobile Money By: ShaobaiChen,YayingLin,

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Mobile  Money By:           Shaobai Chen, Yaying Lin,            Xiaoqiao Wang,Trey LaFranchi             & Gabriel Girma 
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Making Money Mobile - A Revolutionary Transformation!!!!     Remember. ..  Face to Face                                   ATM                                    Phone                                                                                                                                                                                              Online                                                                                                   Today. ...
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     http://youtu.be/zdMRS-W0ZI4       What Mobile Money Can Do????
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So, What Exactly Mobile Money Is??                              It all starts out via Mobile Phones!!!!                             -Mobile money allows users to pay for goods and services  by using short message service (SMS) to transfer either  local currency or mobile minutes. -Can increase access to financial services     SMS: a  text messaging  service component of phone, web, or  mobile communication systems, using standardized  communications protocols  that allow the exchange of short text  messages between  fixed line  or  mobile phone  devices      
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How Mobile Money Works??? Adds credit to his or her mobile account and store it for later use   Send it to other mobile subscribers via SMS ( Short Message Service) ; the receiver can inexpensively convert this credit back into cash   • Send cash as quickly as a text  message, avoiding  inconvenient and costly              transfer methods  Allows small retailers such as local corner shops to act as bank branches by charging a small fee for each transaction   To deposit funds to their mobile money account, consumers go to participating local shops and hand over physical money to the shopkeeper
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    What Are Types of                    Mobile Money??? Mobile Commerce
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This note was uploaded on 11/24/2011 for the course BUS 301 taught by Professor Karake during the Fall '11 term at Maryland.

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Mobile_Money - Mobile Money By: ShaobaiChen,YayingLin,

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