Mobility

Mobile Payments Graduating to B2X

Date Added: Mar 2010
Format: PDF

With the existing P2P (Person to Payments) mobile payments system maturing and becoming a popular channel, the stage is all set for ushering in what is described as the B2X mobile payments system, which is businesses making payments to other businesses or to consumers via the mobile channel. This is the prediction by the Boston based global financial strategy consultancy Celent. In a recent research paper tield 'Mobile B2X: The Next Mobile Payment Wave in International Markets', the consultancy says the 'Next big thing' in mobile payments system could include B2X, and goes on to identify three major use cases for the system: payments made by retailers to wholesalers for receipt of consumer goods.