Wireless Payment and Systems
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2.4 Major Players in Wireless Payment
Up to now, there are a number of major players in wireless payment. In this section, we discuss
two groups of major players: major players in account-based wireless payment and major players
in mobile wallet.
2.4.1 Major Players in Account-Based Wireless Payment
2.4.1.1 PhonePaid
PhonePaid is a UK-based company that allows its customers to use GSM mobile phones to pay for
goods and services or transfer money using their PhonePaid accounts. PhonePaid’s mobile payment
system provides the following personal services:
■ Send money: To send money, a mobile user calls a PhonePaid transaction number first using
a mobile phone and then enters the recipient party’s mobile phone number for