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M-commerce is the next generation of today's PC-based wired, e-commerce technology. The evolving success of mobile communication is transforming e-commerce (wired environment) into m-commerce (wireless environment) and as a group, users of mobile devices (PDAs, smart phones, etc.) are considered as a large potential market. It is expected that mobile and wireless systems will control the Internet industry in the future and it will merge e-commerce and m-commerce into a singular blended entity. In some mobile payment model, the authors have seen third party involvement for mobile payment transaction. In that model entities are customer, merchant, third party payment gateway and bank. They have studied third party mobile payment system, analysis and discussed issues with this system.
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