While e-commerce has been around for a while, it is more limited, requiring a computer and internet connection. Mobile phones, on the other hand, work on the go through wireless networks. Moreover, once an app has been downloaded, it may work offline as well, and takes much less time to open than a website. The increased functionality of the smart phone is, in fact, leading to a blurring of the lines between m-payments and e-payments.
MasterCard Inc., the second-largest U.S. payments network, opened a new technology centre in Pune, India today, and said that it plans to roll out its mobile payment system in April. "There is a lot...